CNEY Effective Tax Rate from 2010 to 2024

CNEY Stock  USD 0.32  0.02  4.56%   
CN Energy Effective Tax Rate yearly trend continues to be fairly stable with very little volatility. Effective Tax Rate will likely drop to 0.03 in 2024. During the period from 2010 to 2024, CN Energy Effective Tax Rate regression line of annual values had r-squared of  0.15 and arithmetic mean of  0.10. View All Fundamentals
 
Effective Tax Rate  
First Reported
2010-12-31
Previous Quarter
0.0342
Current Value
0.0325
Quarterly Volatility
0.05573759
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check CN Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among CN Energy's main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.6 M, Interest Expense of 860.3 K or Selling General Administrative of 6.9 M, as well as many indicators such as Price To Sales Ratio of 0.12, Dividend Yield of 0.0 or PTB Ratio of 0.0682. CNEY financial statements analysis is a perfect complement when working with CN Energy Valuation or Volatility modules.
  
Check out the analysis of CN Energy Correlation against competitors.

Latest CN Energy's Effective Tax Rate Growth Pattern

Below is the plot of the Effective Tax Rate of CN Energy Group over the last few years. Effective Tax Rate is the average rate at which CN Energy Group pre-tax profits are taxed by the government. The effective tax rate is computed by dividing CN Energy total tax expenses by CN Energy earnings before taxes. It is CN Energy's Effective Tax Rate historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in CN Energy's overall financial position and show how it may be relating to other accounts over time.
Effective Tax Rate10 Years Trend
Slightly volatile
   Effective Tax Rate   
       Timeline  

CNEY Effective Tax Rate Regression Statistics

Arithmetic Mean0.10
Geometric Mean0.09
Coefficient Of Variation54.56
Mean Deviation0.04
Median0.12
Standard Deviation0.06
Sample Variance0
Range0.2198
R-Value(0.39)
Mean Square Error0
R-Squared0.15
Significance0.15
Slope(0)
Total Sum of Squares0.04

CNEY Effective Tax Rate History

2024 0.0325
2023 0.0342
2022 0.038
2020 0.25
2019 0.0676
2018 0.0612
2017 0.0672

About CN Energy Financial Statements

CN Energy investors use historical fundamental indicators, such as CN Energy's Effective Tax Rate, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in CN Energy. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Effective Tax Rate 0.03  0.03 

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Additional Tools for CNEY Stock Analysis

When running CN Energy's price analysis, check to measure CN Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CN Energy is operating at the current time. Most of CN Energy's value examination focuses on studying past and present price action to predict the probability of CN Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CN Energy's price. Additionally, you may evaluate how the addition of CN Energy to your portfolios can decrease your overall portfolio volatility.