• AngloGold Ashanti average return on tangible equity for 2023 was 24.3, a 37.92% decline from 2022.
• AngloGold Ashanti average return on tangible equity for 2022 was 39.14, a 23.86% decline from 2021.
• AngloGold Ashanti average return on tangible equity for 2021 was 31.6, a 43.12% 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.