• Telefonica Brasil S.A average return on equity for 2023 was 6.97, a 14.83% increase from 2022.
• Telefonica Brasil S.A average return on equity for 2022 was 6.07, a 12.79% increase from 2021.
• Telefonica Brasil S.A average return on equity for 2021 was 6.96, a 5.45% 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.