• Sempra Energy average return on tangible equity for 2023 was 9.32, a 49.6% decline from 2022.
• Sempra Energy average return on tangible equity for 2022 was 6.23, a 29.37% increase from 2021.
• Sempra Energy average return on tangible equity for 2021 was 8.82, a 47.5% 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.