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Medical Information Technology Inc   (MITII)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology


Medical Information Technology Inc 's Effective Tax Rate by quarter

Trends, Rankings, Statistics



MITII Effective Tax Rate (Sep 30 2020)
III. Quarter
(Jun 30 2020)
II. Quarter
(Mar 31 2020)
I. Quarter
(Dec 31 2019)
IV. Quarter
(Sep 30 2019)
III. Quarter
Y / Y Pre-Tax Income Change -68.61 % -3.64 % - 91.32 % 320.56 %
Seq. Pre-Tax Income Change -10.43 % - - -63.49 % 174.99 %
Pre-Tax Income In Millions $37.05 $41.36 $-39.30 $43.10 $118.04
Effective Tax Rate 17.34 % 20.51 % - 21 % 23.08 %
Effective Tax Rate Total Ranking # 614 # 739 # # 1029 # 1277
Income taxes expenses / -benefit In Millions $6.43 $8.48 $-13.57 $9.05 $27.24
Y / Y Income taxes expenses / -benefit Change -76.42 % 25.16 % - 169.09 % 591.42 %
Seq. Income taxes expenses / -benefit Change -24.25 % - - -66.78 % 301.98 %


Commenting Third Quarter 2020 Effective Tax Rate
Company's effective tax rate in III. Quarter decreased compare to previous quarter to 17.34 %, below company's average Effective Tax Rate.

Looking into III. Quarter results within Software & Programming industry 28 other companies have achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has impoved so far to 614, from total ranking in previous quarter at 739.

MITII's Effective Tax Rate third quarter 2020 Company Ranking
Within: No.
Software & Programming Industry # 29
Technology Sector # 127
Overall # 599

MITII's Effective Tax Rate Statistics
High Average Low
33.05 % 23.22 % 14.04 %
(Dec 31 2016)   (Jun 30 2018)




Other Effective Tax Rate Profitability Ratios
MITII's Cumulative Effective Tax Rate
Software & Programming Industry Effective Tax Rate Trends and Statistics
Technology Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
MITII's Effective Tax Rate Profitability versus Software & Programming Industry, Technology Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for MITII's Competitors
Effective Tax Rate Profit Margin for Medical Information Technology Inc 's Suppliers
Effective Tax Rate Profit Margin for MITII's Customers

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


Companies with similar Effective Tax Rate in the quarter ending Sep 30 2020, within Software & Programming Industry Effective Tax RateSep 30 2020 MRQ Income taxes expenses / -benefitSep 30 2020 MRQ Pre-Tax Income
Black Knight inc   36.22 %$ 15.900 $ 43.900 
Solarwinds Corporation  29.63 %$ 5.264 $ 17.766 
Aci Worldwide inc   29.61 %$ 6.674 $ 22.540 
Appfolio Inc   27.64 %$ 52.578 $ 190.254 
Where Food Comes From Inc   27.07 %$ 0.271 $ 1.001 
Ss and c Technologies Holdings Inc   26.88 %$ 58.600 $ 218.000 
Manhattan Associates Inc   26.75 %$ 9.119 $ 34.085 
Blackbaud Inc   26.48 %$ 1.756 $ 6.632 
Mix Telematics Limited  22.01 %$ 0.974 $ 4.426 
Smith Micro Software Inc   21.84 %$ 0.045 $ 0.206 
Tyler Technologies Inc   21.33 %$ 10.652 $ 49.936 
Progress Software Corp  20.69 %$ 6.254 $ 30.231 
Sps Commerce Inc   20.66 %$ 2.970 $ 14.377 
Datto Holding Corp   20.25 %$ 4.962 $ 24.508 
Paycom Software Inc   19.84 %$ 6.800 $ 34.282 
Realpage Inc  19.77 %$ 4.026 $ 20.367 
Endurance International Group Holdings Inc   19.21 %$ 1.587 $ 8.261 
Netsol Technologies Inc   19.04 %$ 0.264 $ 1.388 
Corecard Corporation  18.94 %$ 0.653 $ 3.448 
Qualys Inc   17.70 %$ 4.891 $ 27.634 
Medical Information Technology Inc   17.34 %$ 6.425 $ 37.048 
Activision Blizzard inc   16.34 %$ 118.000 $ 722.000 
Qad Inc  16.31 %$ 0.626 $ 3.839 
Ansys Inc   16.10 %$ 14.517 $ 90.144 
Alteryx Inc   15.66 %$ 0.809 $ 5.166 
Alarm com Holdings Inc   15.45 %$ 6.546 $ 42.371 
Take two Interactive Software inc   15.41 %$ 18.097 $ 117.418 
Citrix Systems Inc.  15.32 %$ 17.771 $ 115.998 
Autodesk Inc   15.31 %$ 23.900 $ 156.100 
Microsoft Corporation  13.84 %$ 2,231.000 $ 16,124.000 




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