• Ambev S.A average return on equity for 2023 was 16.81, a 0.24% decline from 2022.
• Ambev S.A average return on equity for 2022 was 16.85, a 3.12% decline from 2021.
• Ambev S.A average return on equity for 2021 was 16.34, a 16.38% increase from 2020.

Roe - return on equity can be defined as the amount of net income returned as a percentage of shareholders equity. Return on equity measures a corporation's profitability by revealing how much profit a company generates with the money shareholders have invested.