• Tenet Healthcare average return on tangible equity for 2023 was -5.55, a 30.54% increase from 2022.
• Tenet Healthcare average return on tangible equity for 2022 was -7.99, a 1.52% decline from 2021.
• Tenet Healthcare average return on tangible equity for 2021 was -7.87, a 1149.21% 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.