• Telefonica Brasil S.A average return on assets for 2023 was 4.03, a 14.49% increase from 2022.
• Telefonica Brasil S.A average return on assets for 2022 was 3.52, a 21.78% increase from 2021.
• Telefonica Brasil S.A average return on assets for 2021 was 4.5, a 5.88% decline from 2020.

Roa - return on assets can be defined as an indicator of how profitable a company is relative to its total assets. Calculated by dividing a company's operating earnings by its total assets.