• Eletrobras average return on tangible equity for 2023 was 6.63, a 28.17% increase from 2022.
• Eletrobras average return on tangible equity for 2022 was 9.23, a 2.33% decline from 2021.
• Eletrobras average return on tangible equity for 2021 was 9.45, a 37.91% 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.