• Skyworks Solutions average return on tangible equity for 2023 was 46.07, a 39.14% decline from 2022.
• Skyworks Solutions average return on tangible equity for 2022 was 75.7, a 62.69% decline from 2021.
• Skyworks Solutions average return on tangible equity for 2021 was 46.53, a 57.41% 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.