Provident Effective Tax Rate from 2010 to 2024

PROV Stock  USD 16.44  0.03  0.18%   
Provident Financial 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 2024. During the period from 2010 to 2024, Provident Financial Effective Tax Rate regression line of quarterly data had mean square error of  0.01 and geometric mean of  0.36. View All Fundamentals
 
Effective Tax Rate  
First Reported
2010-12-31
Previous Quarter
0.29228844
Current Value
0.45
Quarterly Volatility
0.09643082
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Provident Financial financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Provident Financial's main balance sheet or income statement drivers, such as Depreciation And Amortization of 2.8 M, Interest Expense of 19.3 M or Selling General Administrative of 27 M, as well as many indicators such as Price To Sales Ratio of 2.55, Dividend Yield of 0.0478 or PTB Ratio of 1.06. Provident financial statements analysis is a perfect complement when working with Provident Financial Valuation or Volatility modules.
  
Check out the analysis of Provident Financial Correlation against competitors.

Latest Provident Financial's Effective Tax Rate Growth Pattern

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

Provident Effective Tax Rate Regression Statistics

Arithmetic Mean0.37
Geometric Mean0.36
Coefficient Of Variation25.88
Mean Deviation0.08
Median0.40
Standard Deviation0.1
Sample Variance0.01
Range0.3606
R-Value(0.30)
Mean Square Error0.01
R-Squared0.09
Significance0.28
Slope(0.01)
Total Sum of Squares0.13

Provident Effective Tax Rate History

2024 0.45
2022 0.31
2020 0.26
2019 0.29
2018 0.25
2017 0.61
2016 0.41

About Provident Financial Financial Statements

Provident Financial investors use historical fundamental indicators, such as Provident Financial'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 Provident Financial. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Effective Tax Rate 0.29  0.45 

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Additional Tools for Provident Stock Analysis

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