• STMicroelectronics average return on tangible equity for 2023 was 33.72, a 1.58% decline from 2022.
• STMicroelectronics average return on tangible equity for 2022 was 34.26, a 58.1% decline from 2021.
• STMicroelectronics average return on tangible equity for 2021 was 21.67, a 43.8% 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.