• YPF Sociedad Anonima average return on tangible equity for 2023 was 9.38, a 46.83% decline from 2022.
• YPF Sociedad Anonima average return on tangible equity for 2022 was 17.64, a 602.56% decline from 2021.
• YPF Sociedad Anonima average return on tangible equity for 2021 was -3.51, a 75.44% 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.