• Fresenius SE average return on tangible equity for 2023 was -9.24, a 81.07% increase from 2022.
• Fresenius SE average return on tangible equity for 2022 was -48.82, a 15.2% decline from 2021.
• Fresenius SE average return on tangible equity for 2021 was -42.38, a 16.24% 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.