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 -0.87% is 111% below its 3-year average of 8.20%, near the low end of its 3-year range (-0.87%–21.28%).
As of the fiscal period ended Sunday, December 31, 2023. 100.00% below its 12-month average of -0.44%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted. Q4 FY2023 (2023-12-31): -0.87%.
TAX RATE
-0.87%
TAX RATE AVG TTM
-0.44%
TAX RATE AVG 3Y
8.20%
TAX RATE AVG 5Y
N/A
TAX RATE AVG 10Y
N/A
TAX RATE AVG 15Y
N/A
TAX RATE AVG 20Y
N/A
CURRENT VS TTM AVG
-100.00%
CURRENT VS 3Y AVG
-110.62%
CURRENT VS 5Y AVG
N/A
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 | -0.87% |
| 2023-03-31 | 0.00% |
| 2021-09-30 | 0.00% |
| 2021-06-30 | 21.28% |
| 2021-03-31 | 20.57% |
