Quest Effective Tax Rate from 2010 to 2025

DGX Stock  USD 165.66  1.67  1.00%   
Quest Diagnostics Effective Tax Rate yearly trend continues to be fairly stable with very little volatility. Effective Tax Rate is likely to outpace its year average in 2025. During the period from 2010 to 2025, Quest Diagnostics Effective Tax Rate regression line of annual values had r-squared of  0.04 and arithmetic mean of  0.28. View All Fundamentals
 
Effective Tax Rate  
First Reported
2010-12-31
Previous Quarter
0.23234043
Current Value
0.37
Quarterly Volatility
0.09212279
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Quest Diagnostics financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Quest Diagnostics' main balance sheet or income statement drivers, such as Depreciation And Amortization of 274.7 M, Interest Expense of 237.3 M or Selling General Administrative of 1.5 B, as well as many indicators such as Price To Sales Ratio of 1.14, Dividend Yield of 0.0208 or PTB Ratio of 2.99. Quest financial statements analysis is a perfect complement when working with Quest Diagnostics Valuation or Volatility modules.
  
Check out the analysis of Quest Diagnostics Correlation against competitors.

Latest Quest Diagnostics' Effective Tax Rate Growth Pattern

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

Quest Effective Tax Rate Regression Statistics

Arithmetic Mean0.28
Geometric Mean0.26
Coefficient Of Variation33.20
Mean Deviation0.08
Median0.24
Standard Deviation0.09
Sample Variance0.01
Range0.3333
R-Value(0.19)
Mean Square Error0.01
R-Squared0.04
Significance0.47
Slope(0)
Total Sum of Squares0.13

Quest Effective Tax Rate History

2023 0.22
2022 0.21
2020 0.24
2018 0.2
2017 0.23
2016 0.4
2015 0.34

About Quest Diagnostics Financial Statements

Quest Diagnostics investors use historical fundamental indicators, such as Quest 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 Quest Diagnostics. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Effective Tax Rate 0.23  0.37 

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Additional Tools for Quest Stock Analysis

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