• Eli Lilly average return on tangible equity for 2023 was -840.19, a 201.71% decline from 2022.
• Eli Lilly average return on tangible equity for 2022 was -278.48, a 134.61% increase from 2021.
• Eli Lilly average return on tangible equity for 2021 was -118.7, a 51.21% 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.