• Guardant Health average return on tangible equity for 2023 was -446.32, a 209.54% increase from 2022.
• Guardant Health average return on tangible equity for 2022 was -144.19, a 235.72% increase from 2021.
• Guardant Health average return on tangible equity for 2021 was -42.95, a 151.46% 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.