• Chewy average return on tangible equity for 2024 was 50.6, a 90.66% increase from 2023.
• Chewy average return on tangible equity for 2023 was 26.54, a 124.89% increase from 2022.
• Chewy average return on tangible equity for 2022 was -106.64, a 458.82% decline from 2021.

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.