• NetApp average return on tangible equity for 2023 was -58.28, a 12.22% decline from 2022.
• NetApp average return on tangible equity for 2022 was -66.39, a 36.6% decline from 2021.
• NetApp average return on tangible equity for 2021 was -48.6, a 19.99% 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.