• Analog Devices average return on tangible equity for 2023 was -106.21, a 124.93% decline from 2022.
• Analog Devices average return on tangible equity for 2022 was -47.22, a 18.46% increase from 2021.
• Analog Devices average return on tangible equity for 2021 was -39.86, a 57.49% 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.