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 0.26% is 81% below its 3-year average of 1.34%, near the low end of its 3-year range (-0.31%–3.22%).
As of the fiscal period ended Thursday, December 31, 2020. 52.74% below its 12-month average of 0.55%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted. Q4 FY2020 (2020-12-31): 0.26%.
TAX RATE
0.26%
TAX RATE AVG TTM
0.55%
TAX RATE AVG 3Y
N/A
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
-52.74%
CURRENT VS 3Y AVG
N/A
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 |
|---|---|
| 2020-12-31 | 0.26% |
| 2020-06-30 | 1.70% |
| 2019-12-31 | -0.31% |
| 2019-06-30 | -0.07% |
| 2018-12-31 | 3.22% |
| 2018-06-30 | 3.22% |
