• Globus Medical average return on tangible equity for 2023 was 9.01, a 18.97% decline from 2022.
• Globus Medical average return on tangible equity for 2022 was 11.12, a 11.68% decline from 2021.
• Globus Medical average return on tangible equity for 2021 was 12.59, a 54.1% 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.