• Ubiquiti average return on tangible equity for 2023 was -245.94, a 10.5% decline from 2022.
• Ubiquiti average return on tangible equity for 2022 was -274.78, a 98.51% decline from 2021.
• Ubiquiti average return on tangible equity for 2021 was -18386.48, a 11302.47% decline 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.