• AMD average return on tangible equity for 2023 was 4.71, a 88.76% increase from 2022.
• AMD average return on tangible equity for 2022 was 41.89, a 28.56% decline from 2021.
• AMD average return on tangible equity for 2021 was 58.64, a 64.53% 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.