• Comp En De Mn Cemig ADS average return on tangible equity for 2023 was 61.46, a 17.27% decline from 2022.
• Comp En De Mn Cemig ADS average return on tangible equity for 2022 was 52.41, a 17.83% increase from 2021.
• Comp En De Mn Cemig ADS average return on tangible equity for 2021 was 44.48, a 40.36% 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.