• Revvity average return on tangible equity for 2023 was -37.21, a 99.2% decline from 2022.
• Revvity average return on tangible equity for 2022 was -18.68, a 74.23% increase from 2021.
• Revvity average return on tangible equity for 2021 was -72.5, a 136% 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.