• Edison average return on tangible equity for 2023 was 6, a 73.41% decline from 2022.
• Edison average return on tangible equity for 2022 was 3.46, a 26.54% increase from 2021.
• Edison average return on tangible equity for 2021 was 4.71, a 14.52% 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.