• Alkermes average return on tangible equity for 2023 was 11.29, a 194.16% increase from 2022.
• Alkermes average return on tangible equity for 2022 was -11.99, a 41.89% decline from 2021.
• Alkermes average return on tangible equity for 2021 was -8.45, a 37.03% 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.