• Advanced Energy Industries average return on tangible equity for 2024 was 10.43, a 60.46% decline from 2023.
• Advanced Energy Industries average return on tangible equity for 2023 was 26.38, a 21.16% decline from 2022.
• Advanced Energy Industries average return on tangible equity for 2022 was 33.46, a 1.42% decline from 2021.

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.