• Microchip Technology average return on tangible equity for 2023 was -68.52, a 93.56% decline from 2022.
• Microchip Technology average return on tangible equity for 2022 was -35.4, a 242.69% increase from 2021.
• Microchip Technology average return on tangible equity for 2021 was -10.33, a 32.27% 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.