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Taitron Components Incorporated  (TAIT)
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Taitron Components Incorporated's Effective Tax Rate by quarter

Trends, Rankings, Statistics



TAIT Effective Tax Rate (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Pre-Tax Income Change -22.33 % -12.56 % 380.84 % -49.75 % -10.31 %
Seq. Pre-Tax Income Change -17.16 % -28.89 % 102.27 % -34.81 % -6.74 %
Pre-Tax Income In Millions $0.47 $0.57 $0.80 $0.40 $0.61
Effective Tax Rate 13.11 % 7.01 % 5.11 % 82.62 % 20.53 %
Effective Tax Rate Total Ranking # 382 # 198 # 152 # 2271 # 990
Income taxes expenses / -benefit In Millions $0.06 $0.04 $0.04 $0.33 $0.13
Y / Y Income taxes expenses / -benefit Change -50.4 % 0 % - -14.81 % 12400 %
Seq. Income taxes expenses / -benefit Change 55 % -2.44 % -87.5 % 162.4 % 212.5 %


Commenting Third Quarter 2023 Effective Tax Rate
Company's effective tax rate in III. Quarter increased compare to previous quarter to 13.11 %, above company's average Effective Tax Rate.

Looking into III. Quarter results within Electronic Parts & Equipment industry only one company achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has deteriorated compare to previous quarter from 198 to 382.

TAIT's Effective Tax Rate third quarter 2023 Company Ranking
Within: No.
Electronic Parts & Equipment Industry # 2
Consumer Discretionary Sector # 11
Overall # 382

TAIT's Effective Tax Rate Statistics
High Average Low
82.62 % 10.58 % 0.14 %
  (Dec 31 2020)




Other Effective Tax Rate Profitability Ratios
TAIT's Cumulative Effective Tax Rate
Electronic Parts & Equipment Industry Effective Tax Rate Trends and Statistics
Consumer Discretionary Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
TAIT's Effective Tax Rate Profitability versus Electronic Parts & Equipment Industry, Consumer Discretionary Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for TAIT's Competitors
Effective Tax Rate Profit Margin for Taitron Components Incorporated's Suppliers
Effective Tax Rate Profit Margin for TAIT's Customers

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


Companies with similar Effective Tax Rate in the quarter ending Sep 30 2023, within Electronic Parts & Equipment Industry Effective Tax RateSep 30 2023 MRQ Income taxes expenses / -benefitSep 30 2023 MRQ Pre-Tax Income
Eaco Corp  27.56 %$ 2.304 $ 8.359 
Avnet Inc   24.02 %$ 66.164 $ 275.432 
Richardson Electronics Ltd   23.69 %$ 0.381 $ 1.608 
Arrow Electronics Inc   20.71 %$ 52.241 $ 252.282 
Taitron Components Incorporated  13.11 %$ 0.062 $ 0.473 
Te Connectivity ltd   12.78 %$ 81.000 $ 634.000 




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