• Sands China average return on tangible equity for 2016 was 36.52, a 20.12% increase from 2015.
• Sands China average return on tangible equity for 2015 was 45.72, a 11.03% decline from 2014.
• Sands China average return on tangible equity for 2014 was 51.39, a 13.95% decline from 2013.

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.