• Telefonica Brasil S.A average return on investment for 2023 was 5.86, a 11.41% increase from 2022.
• Telefonica Brasil S.A average return on investment for 2022 was 5.26, a 15.16% increase from 2021.
• Telefonica Brasil S.A average return on investment for 2021 was 6.2, a 6.35% decline from 2020.

Roi - return on investment can be defined as an indicator of how profitable a company is relative to its assets invested by shareholders and long-term bond holders. Calculated by dividing a company's operating earnings by its long-term debt and shareholders equity.