• Incyte average return on tangible equity for 2023 was 9.97, a 55.79% decline from 2022.
• Incyte average return on tangible equity for 2022 was 22.55, a 0.84% decline from 2021.
• Incyte average return on tangible equity for 2021 was 22.74, a 249.31% 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.