• Illumina average return on tangible equity for 2023 was -1841.86, a 121.6% decline from 2022.
• Illumina average return on tangible equity for 2022 was -831.15, a 3291.82% increase from 2021.
• Illumina average return on tangible equity for 2021 was 26.04, a 27.33% 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.