• Allegro MicroSystems average return on tangible equity for 2023 was 26.35, a 44.38% decline from 2022.
• Allegro MicroSystems average return on tangible equity for 2022 was 18.25, a 74.81% increase from 2021.
• Allegro MicroSystems average return on tangible equity for 2021 was 10.44, a 25.93% 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.