• Applied Digital average return on tangible equity for 2021-02-28 was 0, a 0% decline from 2021-05-31.
• Applied Digital average return on tangible equity for 2021-05-31 was 0, a 0% decline from 2021-08-31.
• Applied Digital average return on tangible equity for 2021-08-31 was 0, a 0% decline from 2021-11-30.

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.