ZTO Express (Cayman) Return On Tangible Equity 2016-2024 | ZTO
- ZTO Express (Cayman) average return on tangible equity for 2023 was 18.29, a 23% decline from 2022.
- ZTO Express (Cayman) average return on tangible equity for 2022 was 14.87, a 25.8% increase from 2021.
- ZTO Express (Cayman) average return on tangible equity for 2021 was 11.82, a 26.9% increase from 2020.
Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.