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 -178.49% is 790% below its 5-year average of 25.87%, near the low end of its 5-year range (-178.49%–993.52%).
As of the fiscal period ended Friday, May 31, 2024. 616.88% below its 12-month average of -24.90%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted. Q3 FY2024 (2024-05-31): -178.49%.
TAX RATE
-178.49%
TAX RATE AVG TTM
-24.90%
TAX RATE AVG 3Y
-4.22%
TAX RATE AVG 5Y
25.87%
TAX RATE AVG 10Y
33.34%
TAX RATE AVG 15Y
N/A
TAX RATE AVG 20Y
N/A
CURRENT VS TTM AVG
-616.88%
CURRENT VS 3Y AVG
-4130.44%
CURRENT VS 5Y AVG
-789.98%
CURRENT VS 10Y AVG
-635.37%
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 | -178.49% |
| 2023-11-30 | 25.93% |
| 2023-08-31 | 19.90% |
| 2023-05-31 | 33.07% |
| 2022-05-31 | 24.26% |
| 2022-02-28 | 26.70% |
| 2021-08-31 | -12.38% |
| 2021-05-31 | 27.26% |
| 2020-11-30 | 22.06% |
| 2020-08-31 | 26.21% |
| 2020-05-31 | 27.20% |
| 2019-11-30 | 993.52% |
| 2019-08-31 | 24.53% |
| 2019-05-31 | 27.45% |
| 2019-02-28 | 30.52% |
| 2018-11-30 | 29.52% |
| 2018-08-31 | 29.25% |
| 2018-05-31 | 31.13% |
| 2018-02-28 | 30.04% |
| 2017-11-30 | 40.89% |
| 2017-08-31 | 33.76% |
| 2017-05-31 | 40.46% |
| 2017-02-28 | 43.80% |
| 2016-11-30 | 38.83% |
| 2016-08-31 | 37.68% |
| 2016-05-31 | 39.74% |
| 2016-02-29 | 43.13% |
| 2015-11-30 | 40.46% |
| 2015-08-31 | 39.40% |
| 2015-05-31 | 41.43% |
| 2015-02-28 | 40.16% |
| 2014-11-30 | 38.94% |
| 2014-08-31 | 39.89% |
| 2014-05-31 | 39.95% |
| 2014-02-28 | 42.85% |
| 2013-11-30 | 40.04% |
