• Chunghwa Telecom average return on tangible equity for 2023 was 11.55, a 2.78% decline from 2022.
• Chunghwa Telecom average return on tangible equity for 2022 was 11.88, a 2.06% decline from 2021.
• Chunghwa Telecom average return on tangible equity for 2021 was 12.13, a 10.78% 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.