• Gen Digital average return on tangible equity for 2023 was -12.49, a 5.94% decline from 2022.
• Gen Digital average return on tangible equity for 2022 was -11.79, a 41.31% increase from 2021.
• Gen Digital average return on tangible equity for 2021 was -20.09, a 115.47% 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.