• Cirrus Logic average return on tangible equity for 2023 was 13.8, a 59.12% increase from 2022.
• Cirrus Logic average return on tangible equity for 2022 was 33.76, a 49.98% decline from 2021.
• Cirrus Logic average return on tangible equity for 2021 was 22.51, a 20.89% 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.