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 -0.15% is 110% below its 3-year average of 1.57%, near the low end of its 3-year range (-6.83%–19.19%).
As of the fiscal period ended Sunday, March 31, 2024. 103.70% below its 12-month average of 4.07%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted. Q2 FY2024 (2024-03-31): -0.15%.
TAX RATE
-0.15%
TAX RATE AVG TTM
4.07%
TAX RATE AVG 3Y
1.62%
TAX RATE AVG 5Y
1.57%
TAX RATE AVG 10Y
N/A
TAX RATE AVG 15Y
N/A
TAX RATE AVG 20Y
N/A
CURRENT VS TTM AVG
-103.70%
CURRENT VS 3Y AVG
-109.33%
CURRENT VS 5Y AVG
-109.63%
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 |
|---|---|
| 2024-03-31 | -0.15% |
| 2023-09-30 | -6.83% |
| 2023-03-31 | 19.19% |
| 2022-09-30 | -4.54% |
| 2021-09-30 | 0.79% |
| 2021-03-31 | 1.23% |
| 2020-09-30 | 1.26% |
| 2018-09-30 | 0.37% |
| 2018-03-31 | 0.13% |
| 2017-09-30 | -0.10% |
| 2017-03-31 | 0.69% |
| 2016-09-30 | -3.28% |
| 2016-03-31 | 25.80% |
