• Micron Technology average return on tangible equity for 2023 was -7.93, a 142.61% decline from 2022.
• Micron Technology average return on tangible equity for 2022 was 18.61, a 44.82% decline from 2021.
• Micron Technology average return on tangible equity for 2021 was 12.85, a 80.22% 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.