• Fortinet average return on tangible equity for 2023 was -490.27, a 580.65% increase from 2022.
• Fortinet average return on tangible equity for 2022 was -72.03, a 203.73% increase from 2021.
• Fortinet average return on tangible equity for 2021 was 69.44, a 13.93% 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.