• Ericsson average return on tangible equity for 2023 was -45.15, a 211.7% decline from 2022.
• Ericsson average return on tangible equity for 2022 was 40.42, a 7.7% decline from 2021.
• Ericsson average return on tangible equity for 2021 was 43.79, a 100.87% 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.