• Aspen Technology average return on tangible equity for 2023 was -200.74, a 272.57% decline from 2022.
• Aspen Technology average return on tangible equity for 2022 was -53.88, a 11.44% increase from 2021.
• Aspen Technology average return on tangible equity for 2021 was -48.35, a 171.12% 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.