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 6.16% is 50% below its 3-year average of 12.29%, near the low end of its 3-year range (5.68%–22.40%).
As of the fiscal period ended Sunday, June 30, 2024. 43.02% below its 12-month average of 10.81%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted. Q2 FY2024 (2024-06-30): 6.16%.
TAX RATE
6.16%
TAX RATE AVG TTM
10.81%
TAX RATE AVG 3Y
12.29%
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
-43.02%
CURRENT VS 3Y AVG
-49.89%
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 |
|---|---|
| 2024-06-30 | 6.16% |
| 2023-12-31 | 11.18% |
| 2023-06-30 | 15.08% |
| 2022-12-31 | 22.40% |
| 2022-06-30 | 13.37% |
| 2021-12-31 | 5.68% |
| 2021-06-30 | 12.16% |
