• Exelixis average return on tangible equity for 2023 was 6.42, a 46.41% increase from 2022.
• Exelixis average return on tangible equity for 2022 was 11.98, a 66.85% decline from 2021.
• Exelixis average return on tangible equity for 2021 was 7.18, a 43.77% increase 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.