• Gen Digital average return on tangible equity for 2023 was -12.76, a 11.7% decline from 2022.
• Gen Digital average return on tangible equity for 2022 was -14.45, a 16.71% decline from 2021.
• Gen Digital average return on tangible equity for 2021 was -17.35, a 98.13% 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.