• Cisco average return on tangible equity for 2023 was 145.05, a 111.05% decline from 2022.
• Cisco average return on tangible equity for 2022 was -1312.42, a 204.1% decline from 2021.
• Cisco average return on tangible equity for 2021 was 1260.75, a 6132.08% 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.