SOTK Effective Tax Rate	(Nov 30 2024) Q3	(Aug 31 2024) Q2	(May 31 2024) Q1	(Feb 29 2024) Q4	(Nov 30 2023) Q3
Y / Y Pre-Tax Income Change	-64.73 %	-39.32 %	1121.63 %	33.67 %	569.18 %
Seq. Pre-Tax Income Change	-24.28 %	5.96 %	181.85 %	-84.41 %	30.29 %
Pre-Tax Income In Millions	$0.31	$0.41	$0.39	$0.14	$0.89
Effective Tax Rate	12.68 %	17.84 %	15.45 %	-12.81 %	22.48 %
Effective Tax Rate Total Ranking	# 9	# 559	# 425	#	# 1049
Income taxes expenses / -benefit In Millions	$0.04	$0.07	$0.06	$-0.02	$0.20
Y / Y Income taxes expenses / -benefit Change	-80.11 %	-47.94 %	-	-	611.05 %
Seq. Income taxes expenses / -benefit Change	-46.17 %	22.3 %	-	-	40.91 %

New: More SOTK's historic Effective Tax Rates >>

Commenting Third Quarter 2024 Effective Tax Rate

Company's effective tax rate in III. Quarter decreased compare to the preceding three months to 12.68 %, below company's average Effective Tax Rate.

Looking into III. Quarter results within Industrial Machinery and Components industry Sono Tek Corp achieved lowest Effective Tax Rate. While Effective Tax Rate total ranking has impoved so far to 9, from total ranking in the previous quarter at 559.

SOTK's Effective Tax Rate third quarter 2024 Company Ranking
Within:	No.
Industrial Machinery and Components Industry	# 1
Capital Goods Sector	# 1
Overall	# 9

SOTK's Effective Tax Rate Statistics
High	Average	Low
87.96 %	23.19 %	3.45 %
(Feb 29 2016)		(Nov 30 2019)

Compare SOTK's Effective Tax Rate • SOTK Annual Effective Tax Rate • Cummulative 12 Months Effective Tax Rate

Other Effective Tax Rate Profitability Ratios
SOTK'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
SOTK'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 SOTK's Competitors
Effective Tax Rate Profit Margin for Sono Tek's Suppliers
Effective Tax Rate Profit Margin for SOTK's Customers

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

Companies with similar Effective Tax Rate in the quarter ending Nov 30 2024, within Industrial Machinery and Components Industry	Effective Tax Rate	Nov 30 2024 MRQ Income taxes expenses / -benefit	Nov 30 2024 MRQ Pre-Tax Income
Lindsay Corporation	22.10 %	$ 4.870 Millions	$ 22.034 Millions
Enerpac Tool Group Corp	22.07 %	$ 6.152 Millions	$ 27.875 Millions
Taylor Devices Inc	15.65 %	$ 0.196 Millions	$ 1.252 Millions
Sono Tek Corp	12.68 %	$ 0.040 Millions	$ 0.314 Millions

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