• ASE Technology Holding average return on tangible equity for 2023 was 18.29, a 46.47% decline from 2022.
• ASE Technology Holding average return on tangible equity for 2022 was 34.17, a 30.07% decline from 2021.
• ASE Technology Holding average return on tangible equity for 2021 was 26.27, a 52.64% 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.