• KLA average return on tangible equity for 2023 was -669.75, a 90.48% decline from 2022.
• KLA average return on tangible equity for 2022 was -7038.05, a 1063.46% decline from 2021.
• KLA average return on tangible equity for 2021 was 730.5, a 643.45% 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.