• ADT average return on tangible equity for 2023 was -1.61, a 359.68% increase from 2022.
• ADT average return on tangible equity for 2022 was 0.62, a 86.72% decline from 2021.
• ADT average return on tangible equity for 2021 was 4.67, a 37.82% 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.