Summit Networks Inc. (SNTW) Tax Rate (2014 - 2023)
Summit Networks (SNTW) posted quarterly Tax Rate of 21.0% for Q1 2023, little changed year-over-year from 21.0% in Q1 2022, and little changed quarter-over-quarter from 21.0% in Q4 2022.
Summit Networks Inc. (SNTW) Tax Rate (2014 - 2023) Analysis & Trends
Summit Networks (SNTW) has reported Tax Rate for 5 consecutive years, with 21.0% the latest figure, recorded in Q1 2023.
- In Q1 2023, Tax Rate changed 0.0% year-over-year to 21.0%; the TTM figure through Mar 2023 stood at 11.06% (up 207.0% YoY), while the FY2020 annual figure was 19.58%, down 142.0% from the prior year.
- Tax Rate steadied at 21.0% in Q1 2023 per SNTW's latest filing, from 21.0% in the prior quarter.
- Across five years, Tax Rate topped out at 21.0% in Q1 2023 and bottomed at 4.93% in Q4 2021.
- Historically, Tax Rate has averaged 17.06% across 3 years, with a median of 21.0% in 2022.
- Annual changes were most pronounced in 2022 — Tax Rate jumped 1607 bps — and 2023, when it changed 0 bps.
- Summit Networks' Tax Rate stood at 4.93% in 2021, then surged by 326 bps to 21.0% in 2022, then grew by 0 bps to 21.0% in 2023.
- Business Quant data shows SNTW's Tax Rate at 21.0% in Q1 2023, 21.0% in Q4 2022, and 21.0% in Q2 2022.
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Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2023 | 21.00% |
| Mar 31, 2023 | 21.00% |
| Mar 31, 2023 | 21.00% |
| Dec 31, 2022 | 21.00% |
| Dec 31, 2022 | 21.00% |
| Dec 31, 2022 | 21.00% |
| Jun 30, 2022 | 21.00% |
| Jun 30, 2022 | 21.00% |
| Jun 30, 2022 | 21.00% |
| Mar 31, 2022 | 21.00% |
| Mar 31, 2022 | 21.00% |
| Mar 31, 2022 | 21.00% |
| Dec 31, 2021 | 4.93% |
| Dec 31, 2021 | 4.93% |
| Dec 31, 2021 | 4.93% |
| Mar 31, 2021 | 13.43% |
| Mar 31, 2021 | 13.43% |
| Mar 31, 2021 | 13.43% |
| Apr 30, 2015 | 19.08% |
| Apr 30, 2015 | 19.08% |