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Energy Recovery Inc   (ERII)
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Energy Recovery Inc 's Effective Tax Rate by quarter

Trends, Rankings, Statistics



ERII Effective Tax Rate (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Pre-Tax Income Change 42.56 % 97.25 % - - 156.68 %
Seq. Pre-Tax Income Change 115.29 % - - - 197.87 %
Pre-Tax Income In Millions $21.91 $10.18 $-1.93 $-7.46 $15.37
Effective Tax Rate 9.62 % 5.09 % - - 10.7 %
Effective Tax Rate Total Ranking # 210 # 166 # # # 379
Income taxes expenses / -benefit In Millions $2.11 $0.52 $-0.27 $-1.16 $1.65
Y / Y Income taxes expenses / -benefit Change 28.09 % 39.62 % - - 126.9 %
Seq. Income taxes expenses / -benefit Change 306.76 % - - - 343.4 %


Commenting fourth Quarter 2023 Effective Tax Rate
Company's effective tax rate in IV. Quarter increased compare to previous quarter to 9.62 %, below company's average Effective Tax Rate.

Looking into IV. Quarter results within Industrial Machinery and Components industry 5 other companies have achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has deteriorated compare to previous quarter from 166 to 210.

ERII's Effective Tax Rate fourth quarter 2023 Company Ranking
Within: No.
Industrial Machinery and Components Industry # 6
Capital Goods Sector # 12
Overall # 210

ERII's Effective Tax Rate Statistics
High Average Low
26.84 % 12.64 % 1.02 %
(Sep 30 2021)   (Dec 31 2013)




Other Effective Tax Rate Profitability Ratios
ERII's Cumulative Effective Tax Rate
Industrial Machinery and Components Industry Effective Tax Rate Trends and Statistics
Capital Goods Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
ERII's Effective Tax Rate Profitability versus Industrial Machinery and Components Industry, Capital Goods Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for ERII's Competitors
Effective Tax Rate Profit Margin for Energy Recovery Inc 's Suppliers
Effective Tax Rate Profit Margin for ERII's Customers

You may also want to know
ERII's Annual Growth Rates ERII's Profitability Ratios ERII's Asset Turnover Ratio ERII's Dividend Growth
ERII's Roe ERII's Valuation Ratios ERII's Financial Strength Ratios ERII's Income taxes expenses / -benefit Growth
ERII's Roa ERII's Inventory Turnover Ratio ERII's Growth Rates ERII's Dividend Comparisons


Companies with similar Effective Tax Rate in the quarter ending Dec 31 2023, within Industrial Machinery and Components Industry Effective Tax RateDec 31 2023 MRQ Income taxes expenses / -benefitDec 31 2023 MRQ Pre-Tax Income
Acm Research Inc   25.87 %$ 8.129 $ 31.427 
Aaon Inc   25.48 %$ 16.084 $ 63.133 
Spx Technologies Inc   24.22 %$ 10.100 $ 41.700 
Owens Corning  23.67 %$ 40.000 $ 169.000 
Enerpac Tool Group Corp   23.65 %$ 5.669 $ 23.974 
Moog Inc   23.64 %$ 14.799 $ 62.611 
Curtiss wright Corporation  23.57 %$ 36.963 $ 156.849 
Donaldson Company Inc   23.49 %$ 30.300 $ 129.000 
Esab Corporation  23.13 %$ 17.921 $ 77.475 
Ingersoll Rand Inc   23.13 %$ 71.100 $ 307.400 
Illinois Tool Works Inc  22.65 %$ 210.000 $ 927.000 
Sono Tek Corp  22.48 %$ 0.200 $ 0.890 
Thermon Group Holdings inc   22.17 %$ 4.511 $ 20.348 
Standex International Corp  22.09 %$ 5.409 $ 24.481 
Alamo Group Inc   21.66 %$ 8.715 $ 40.238 
Carrier Global Corporation  21.47 %$ 120.000 $ 559.000 
Deere and Co  21.17 %$ 469.000 $ 2,215.000 
Nordson Corporation  21.00 %$ 29.127 $ 138.699 
Lincoln Electric Holdings Inc  20.50 %$ 40.386 $ 197.001 
Taylor Devices Inc  19.21 %$ 0.471 $ 2.452 
Axcelis Technologies Inc  18.71 %$ 16.350 $ 87.406 
Atkore Inc   17.46 %$ 29.272 $ 167.653 
Lennox International Inc   16.71 %$ 29.000 $ 173.500 
Trio tech International  16.46 %$ 0.095 $ 0.577 
Bloom Energy Corp  16.46 %$ 0.811 $ 4.928 
Asml Holding Nv  15.81 %$ 1,608.096 $ 10,173.520 
Vontier Corporation  14.63 %$ 18.200 $ 124.400 
Eaton Corporation Plc  12.96 %$ 141.000 $ 1,088.000 
The Middleby Corporation  12.23 %$ 10.635 $ 86.928 
Lam Research Corporation  12.22 %$ 132.785 $ 1,087.051 




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