• Broadcom average return on tangible equity for 2023 was -49.3, a 63.68% decline from 2022.
• Broadcom average return on tangible equity for 2022 was -30.12, a 103.1% increase from 2021.
• Broadcom average return on tangible equity for 2021 was -14.83, a 121.67% 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.