• Arista Networks average return on tangible equity for 2023 was 35.86, a 20.86% decline from 2022.
• Arista Networks average return on tangible equity for 2022 was 29.67, a 26.04% increase from 2021.
• Arista Networks average return on tangible equity for 2021 was 23.54, a 10.83% 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.