• DexCom average return on tangible equity for 2023 was 19.88, a 51.52% increase from 2022.
• DexCom average return on tangible equity for 2022 was 13.12, a 54.11% increase from 2021.
• DexCom average return on tangible equity for 2021 was 28.59, a 14.73% 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.