• Abbott Laboratories average return on tangible equity for 2023 was 136.92, a 89.55% decline from 2022.
• Abbott Laboratories average return on tangible equity for 2022 was 1309.86, a 801.47% decline from 2021.
• Abbott Laboratories average return on tangible equity for 2021 was -186.73, a 316.9% decline 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.