• Swisscom AG average return on tangible equity for 2023 was 38.89, a 3.64% decline from 2022.
• Swisscom AG average return on tangible equity for 2022 was 40.36, a 36.88% decline from 2021.
• Swisscom AG average return on tangible equity for 2021 was 63.94, a 35.41% 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.