• Koninklijke Philips average return on tangible equity for 2023 was 38.25, a 161.75% decline from 2022.
• Koninklijke Philips average return on tangible equity for 2022 was -61.94, a 29.21% decline from 2021.
• Koninklijke Philips average return on tangible equity for 2021 was -87.5, a 215.16% decline 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.