• Telefonica SA average return on assets for 2023 was 0.74, a 60.85% decline from 2022.
• Telefonica SA average return on assets for 2022 was 1.89, a 12.5% decline from 2021.
• Telefonica SA average return on assets for 2021 was 2.16, a 881.82% decline from 2020.

Roa - return on assets can be defined as an indicator of how profitable a company is relative to its total assets. Calculated by dividing a company's operating earnings by its total assets.