• Allegro MicroSystems average return on tangible equity for 2023 was 27.01, a 47.92% decline from 2022.
• Allegro MicroSystems average return on tangible equity for 2022 was 18.26, a 38.86% increase from 2021.
• Allegro MicroSystems average return on tangible equity for 2021 was 13.15, a 210.14% 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.