Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the tax rate high or low?
The tax rate of -2.59% is 214% below its 5-year average of 2.27%, around the middle of its 5-year range (-24.53%–17.26%).
As of the fiscal period ended Sunday, June 30, 2024. 80.90% above its 12-month average of -13.56%.
Reported annual effective tax rate; no daily interpolation. Historical series through 2024-06-30.
TAX RATE
-2.59%
TAX RATE AVG TTM
-13.56%
TAX RATE AVG 3Y
-2.09%
TAX RATE AVG 5Y
2.27%
TAX RATE AVG 10Y
N/A
TAX RATE AVG 15Y
N/A
TAX RATE AVG 20Y
N/A
CURRENT VS TTM AVG
+80.90%
CURRENT VS 3Y AVG
-23.92%
CURRENT VS 5Y AVG
-214.26%
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 | -2.59% |
| 2023-06-30 | -24.53% |
| 2022-06-30 | 1.50% |
| 2021-06-30 | 17.26% |
| 2020-06-30 | 6.66% |
| 2019-06-30 | 15.30% |
| 2018-06-30 | 11.49% |
| 2017-06-30 | 16.07% |
