• Singapore Telecommunications average return on tangible equity for 2019 was 14.2, a 48.75% decline from 2018.
• Singapore Telecommunications average return on tangible equity for 2018 was 27.71, a 15.8% decline from 2017.
• Singapore Telecommunications average return on tangible equity for 2017 was 32.91, a 3.98% decline from 2016.

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.