• Monolithic Power Systems average return on tangible equity for 2023 was 25.91, a 3.57% decline from 2022.
• Monolithic Power Systems average return on tangible equity for 2022 was 26.87, a 33.62% decline from 2021.
• Monolithic Power Systems average return on tangible equity for 2021 was 20.11, a 15.84% 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.