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 3.17% is 72% below its 3-year average of 11.21%, near the low end of its 3-year range (-0.99%–95.82%).
As of the fiscal period ended Friday, May 31, 2024. 87.59% below its 12-month average of 25.54%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted. Q2 FY2024 (2024-05-31): 3.17%.
TAX RATE
3.17%
TAX RATE AVG TTM
25.54%
TAX RATE AVG 3Y
11.56%
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
-87.59%
CURRENT VS 3Y AVG
-72.59%
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 |
|---|---|
| 2024-05-31 | 3.17% |
| 2024-02-29 | 14.86% |
| 2023-11-30 | -0.99% |
| 2023-08-31 | 95.82% |
| 2023-05-31 | 14.86% |
| 2023-02-28 | 14.86% |
| 2022-11-30 | 16.80% |
| 2022-08-31 | 16.80% |
| 2022-05-31 | 44.28% |
| 2022-02-28 | 9.13% |
| 2021-11-30 | 15.20% |
| 2021-08-31 | 15.20% |
| 2021-05-31 | 7.29% |
| 2021-02-28 | 7.29% |
