• Sanofi average return on tangible equity for 2023 was -1053.78, a 29.1% decline from 2022.
• Sanofi average return on tangible equity for 2022 was -816.27, a 327.63% increase from 2021.
• Sanofi average return on tangible equity for 2021 was 358.59, a 0% 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.