• Zoetis average return on tangible equity for 2023 was 402.74, a 16.28% decline from 2022.
• Zoetis average return on tangible equity for 2022 was 481.05, a 446.7% decline from 2021.
• Zoetis average return on tangible equity for 2021 was -138.75, a 24.65% decline 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.