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 17.45% is 134% above its 5-year average of 7.45%, around the middle of its 5-year range (-0.13%–36.67%).
As of the fiscal period ended Tuesday, October 3, 2023. 40.91% above its 12-month average of 12.39%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted. Q3 FY2023 (2023-10-03): 17.45%.
TAX RATE
17.45%
TAX RATE AVG TTM
12.39%
TAX RATE AVG 3Y
4.82%
TAX RATE AVG 5Y
7.45%
TAX RATE AVG 10Y
19.04%
TAX RATE AVG 15Y
N/A
TAX RATE AVG 20Y
N/A
CURRENT VS TTM AVG
+40.91%
CURRENT VS 3Y AVG
+261.90%
CURRENT VS 5Y AVG
+134.13%
CURRENT VS 10Y AVG
-8.33%
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 |
|---|---|
| 2023-10-03 | 17.45% |
| 2022-12-31 | 7.32% |
| 2022-09-27 | -0.13% |
| 2022-06-28 | 3.17% |
| 2021-09-28 | 0.61% |
| 2021-06-29 | 0.51% |
| 2019-10-01 | 1.49% |
| 2019-07-02 | 0.00% |
| 2018-12-31 | 36.67% |
| 2018-10-02 | -1.06% |
| 2015-06-30 | 36.45% |
| 2014-12-31 | 33.01% |
| 2014-09-30 | 40.34% |
| 2014-07-01 | 40.27% |
| 2014-04-01 | 41.54% |
| 2013-12-31 | 46.99% |
| 2013-10-01 | 40.07% |
| 2013-03-31 | 39.17% |
| 2012-12-31 | 30.21% |
| 2012-09-30 | 44.58% |
| 2012-06-30 | 41.19% |
| 2012-03-31 | 41.24% |
