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 11.91% is in line with its 5-year average of 12.18%, around the middle of its 5-year range (5.13%–16.33%).
As of the fiscal period ended Sunday, December 31, 2023. 7.02% below its 12-month average of 12.81%.
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted. Q4 FY2023 (2023-12-31): 11.91%.
TAX RATE
11.91%
TAX RATE AVG TTM
12.81%
TAX RATE AVG 3Y
11.68%
TAX RATE AVG 5Y
12.18%
TAX RATE AVG 10Y
N/A
TAX RATE AVG 15Y
N/A
TAX RATE AVG 20Y
N/A
CURRENT VS TTM AVG
-7.02%
CURRENT VS 3Y AVG
+1.94%
CURRENT VS 5Y AVG
-2.24%
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 |
|---|---|
| 2023-12-31 | 11.91% |
| 2023-06-30 | 16.33% |
| 2022-12-31 | 10.19% |
| 2022-06-30 | 11.76% |
| 2021-12-31 | 10.20% |
| 2021-06-30 | 5.13% |
| 2020-12-31 | 16.26% |
| 2020-06-30 | 11.55% |
| 2019-12-31 | 14.25% |
| 2019-06-30 | 14.25% |
