• First Solar average return on tangible equity for 2023 was 6.23, a 217.86% increase from 2022.
• First Solar average return on tangible equity for 2022 was 1.96, a 78.2% increase from 2021.
• First Solar average return on tangible equity for 2021 was 8.99, a 143.63% 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.