• AeroVironment average return on tangible equity for 2023 was -43.92, a 2887.76% decline from 2022.
• AeroVironment average return on tangible equity for 2022 was -1.47, a 154.04% increase from 2021.
• AeroVironment average return on tangible equity for 2021 was 2.72, a 61.09% 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.