CODX Effective Tax Rate from 2010 to 2025

CODX Stock  USD 0.78  0.06  8.33%   
Co Diagnostics Effective Tax Rate yearly trend continues to be fairly stable with very little volatility. Effective Tax Rate will likely drop to 0.06 in 2025. During the period from 2010 to 2025, Co Diagnostics Effective Tax Rate regression line of annual values had r-squared of  0.48 and arithmetic mean of  0.02. View All Fundamentals
 
Effective Tax Rate  
First Reported
2010-12-31
Previous Quarter
0.0656
Current Value
0.0569
Quarterly Volatility
0.08924345
 
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Check Co Diagnostics financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Co Diagnostics' main balance sheet or income statement drivers, such as Interest Expense of 18 M, Selling General Administrative of 17.2 M or Total Revenue of 7.4 M, as well as many indicators such as Price To Sales Ratio of 6.26, Dividend Yield of 0.0 or PTB Ratio of 0.5. CODX financial statements analysis is a perfect complement when working with Co Diagnostics Valuation or Volatility modules.
  
Check out the analysis of Co Diagnostics Correlation against competitors.
For more information on how to buy CODX Stock please use our How to Invest in Co Diagnostics guide.

Latest Co Diagnostics' Effective Tax Rate Growth Pattern

Below is the plot of the Effective Tax Rate of Co Diagnostics over the last few years. Effective Tax Rate is the average rate at which Co Diagnostics pre-tax profits are taxed by the government. The effective tax rate is computed by dividing Co Diagnostics total tax expenses by Co Diagnostics earnings before taxes. It is Co Diagnostics' Effective Tax Rate historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Co Diagnostics' 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  

CODX Effective Tax Rate Regression Statistics

Arithmetic Mean0.02
Geometric Mean0.04
Coefficient Of Variation440.14
Mean Deviation0.07
Median0
Standard Deviation0.09
Sample Variance0.01
Range0.2868
R-Value0.70
Mean Square Error0
R-Squared0.48
Significance0
Slope0.01
Total Sum of Squares0.12

CODX Effective Tax Rate History

2025 0.0569
2024 0.0656
2023 0.0729
2022 0.24
2021 0.2
2020 0.002127
2019 0.0204

About Co Diagnostics Financial Statements

Co Diagnostics investors use historical fundamental indicators, such as Co Diagnostics' 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 Co Diagnostics. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Effective Tax Rate 0.07  0.06 

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Additional Tools for CODX Stock Analysis

When running Co Diagnostics' price analysis, check to measure Co Diagnostics' 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 Co Diagnostics is operating at the current time. Most of Co Diagnostics' value examination focuses on studying past and present price action to predict the probability of Co Diagnostics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Co Diagnostics' price. Additionally, you may evaluate how the addition of Co Diagnostics to your portfolios can decrease your overall portfolio volatility.