• Teleflex average return on tangible equity for 2023 was -54.94, a 19.38% decline from 2022.
• Teleflex average return on tangible equity for 2022 was -46.02, a 75.45% increase from 2021.
• Teleflex average return on tangible equity for 2021 was -26.23, a 7.28% 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.