• Arrow Electronics average return on tangible equity for 2023 was 33.25, a 24.86% decline from 2022.
• Arrow Electronics average return on tangible equity for 2022 was 44.25, a 36.49% decline from 2021.
• Arrow Electronics average return on tangible equity for 2021 was 32.42, a 183.89% 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.