• Telefonica SA average return on equity for 2023 was 2.57, a 62.21% decline from 2022.
• Telefonica SA average return on equity for 2022 was 6.8, a 35.67% decline from 2021.
• Telefonica SA average return on equity for 2021 was 10.57, a 738.89% decline from 2020.

Roe - return on equity can be defined as the amount of net income returned as a percentage of shareholders equity. Return on equity measures a corporation's profitability by revealing how much profit a company generates with the money shareholders have invested.