Summit Effective Tax Rate from 2010 to 2024

SMC Stock   37.78  0.97  2.64%   
Summit Midstream's Effective Tax Rate is increasing over the years with stable fluctuation. Overall, Effective Tax Rate is projected to go to -0.0042 this year. During the period from 2010 to 2024 Summit Midstream Effective Tax Rate annual values regression line had geometric mean of  0 and mean square error of  0.000015. View All Fundamentals
 
Effective Tax Rate  
First Reported
2010-12-31
Previous Quarter
(0)
Current Value
(0)
Quarterly Volatility
0.00387743
 
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Check Summit Midstream financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Summit Midstream's main balance sheet or income statement drivers, such as Depreciation And Amortization of 130.8 M, Selling General Administrative of 42.5 M or Selling And Marketing Expenses of 3.2 M, as well as many indicators such as Price To Sales Ratio of 0.79, Dividend Yield of 0.0179 or PTB Ratio of 0.5. Summit financial statements analysis is a perfect complement when working with Summit Midstream Valuation or Volatility modules.
  
Check out the analysis of Summit Midstream Correlation against competitors.
For information on how to trade Summit Stock refer to our How to Trade Summit Stock guide.

Latest Summit Midstream's Effective Tax Rate Growth Pattern

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

Summit Effective Tax Rate Regression Statistics

Arithmetic Mean(0)
Geometric Mean0
Coefficient Of Variation(184.42)
Mean Deviation0
Median(0)
Standard Deviation0
Sample Variance0.000015
Range0.0161
R-Value0.23
Mean Square Error0.000015
R-Squared0.05
Significance0.42
Slope0.0002
Total Sum of Squares0.0002

Summit Effective Tax Rate History

2024 -0.004222
2023 -0.004444
2022 -0.0023
2021 0.0116
2020 -8.22E-4

About Summit Midstream Financial Statements

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