• Pure Storage average return on tangible equity for 2023 was 8.33, a 145.87% increase from 2022.
• Pure Storage average return on tangible equity for 2022 was -18.16, a 74.89% decline from 2021.
• Pure Storage average return on tangible equity for 2021 was -72.32, a 129.51% 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.