Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the tax rate high or low?
The tax rate of 0.26% is in line with its 4-year average of 0.25%, around the middle of its 4-year range (0.01%–0.54%).
As of the fiscal period ended Sunday, December 31, 2023.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted. Q4 FY2023 (2023-12-31): 0.26%.
TAX RATE
0.26%
TAX RATE AVG TTM
N/A
TAX RATE AVG 3Y
0.40%
TAX RATE AVG 5Y
0.25%
TAX RATE AVG 10Y
N/A
TAX RATE AVG 15Y
N/A
TAX RATE AVG 20Y
N/A
CURRENT VS TTM AVG
N/A
CURRENT VS 3Y AVG
-35.20%
CURRENT VS 5Y AVG
+2.66%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
Tax rate measures income tax expense as a percentage of income before tax. It helps compare tax efficiency and identify unusual tax effects.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | TAX RATE |
|---|---|
| 2023-12-31 | 0.26% |
| 2021-06-30 | 0.54% |
| 2019-12-31 | 0.01% |
| 2019-09-30 | 0.20% |
| 2017-12-31 | 74.82% |
| 2016-12-31 | 2.29% |
