• Qorvo average return on tangible equity for 2023 was -9.94, a 114.63% decline from 2022.
• Qorvo average return on tangible equity for 2022 was 67.96, a 12.69% decline from 2021.
• Qorvo average return on tangible equity for 2021 was 77.84, a 110.66% 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.