• Onto Innovation average return on tangible equity for 2023 was 14.87, a 32.29% decline from 2022.
• Onto Innovation average return on tangible equity for 2022 was 21.96, a 49.9% decline from 2021.
• Onto Innovation average return on tangible equity for 2021 was 14.65, a 18212.5% 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.