• Synopsys average return on tangible equity for 2023 was 66.9, a 0.24% decline from 2022.
• Synopsys average return on tangible equity for 2022 was 66.74, a 8.01% increase from 2021.
• Synopsys average return on tangible equity for 2021 was 61.79, a 23.13% increase 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.