• Kroger average return on tangible equity for 2023 was 33.02, a 16.64% increase from 2022.
• Kroger average return on tangible equity for 2022 was 39.61, a 39.32% decline from 2021.
• Kroger average return on tangible equity for 2021 was 28.43, a 40.52% 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.