• Veeva Systems average return on tangible equity for 2024 was 14.2, a 14.97% increase from 2023.
• Veeva Systems average return on tangible equity for 2023 was 16.7, a 3.13% decline from 2022.
• Veeva Systems average return on tangible equity for 2022 was 17.24, a 28.35% decline from 2021.

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.