• Dolby Laboratories average return on tangible equity for 2023 was 11.62, a 20.92% decline from 2022.
• Dolby Laboratories average return on tangible equity for 2022 was 9.61, a 30.86% increase from 2021.
• Dolby Laboratories average return on tangible equity for 2021 was 13.9, a 3.27% 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.