Tax burden
The share of derived pre-tax income kept after tax - the tax term of the extended DuPont decomposition.
Formula
Net income ÷ (net income + income-tax expense), same period end
Served as: annual · derived. Annual and quarterly observations are never mixed unlabeled.
Where the inputs come from
- NetIncomeLoss
- IncomeTaxExpenseBenefit (pre-tax income is DERIVED as their sum)
Listed highest priority first. Every served figure carries its filing, fiscal period and accession; open any value on the financials page to see them.
How to compare it honestly
Compare against the company's own history; one-time tax items and jurisdiction mix move it without any operating change.
When it is not served
Not computed when income-tax expense is untagged at the period end or when the derived pre-tax income is not positive.
Missing data is missing evidence: it is never shown as zero and never treated as a conclusion.
What it cannot tell you
Pre-tax income is derived, not the filer's pretax subtotal, and a single year's rate reflects timing items as much as policy.
Questions worth asking next
- Is the effective rate stable across years or driven by one-time items?
- How does the derived rate compare with the statutory rate the ROIC figure assumes?
Research prompts, not recommendations.
See it computed from filings
Related in returns: ROE · ROA · ROIC · ROCE · ROE (DuPont) · Asset turnover · Equity multiplier · Interest burden
Definitions are descriptive and educational. Nothing here is a guaranteed signal or personalized investment advice. How the platform computes and cites every figure.