• TIM S.A average return on equity for 2023 was 8.71, a 7.14% increase from 2022.
• TIM S.A average return on equity for 2022 was 9.38, a 13.47% decline from 2021.
• TIM S.A average return on equity for 2021 was 10.84, a 4.33% 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.