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Sono-Tek Corporation designs and manufactures ultrasonic coating systems for applying on parts and components for the microelectronics/electronics, alternative energy, medical, industrial, and researc...
We've identified the following companies as similar to Sono-Tek Corp because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.
To view the full list of supported financial metrics please see Complete Metrics Listing.
Metrics similar to Effective Tax Rate in the efficiency category include:
A ratio that measures the GAAP tax rate applicable to the earnings after all expenses have been deducted by the business.
The Effective Tax Rate is calculated as follows:
Provision For Taxes
(/) Earnings Before Taxes
(=) Effective Tax Rate
The effective tax rate represents the percentage of Earnings Before Tax paid out in taxes.
Effective Tax Rate for Sono-Tek is calculated as follows:
Provision For Taxes [ $156.468 T ]
(/) Earnings Before Taxes [ $1.259 M ]
(=) Effective Tax Rate [ 12.4% ]
The tables below summarizes the trend in Sono-Tek’s effective tax rate over the last five years:
| Fiscal Year | Dividends | Earnings Before Taxes | Effective Tax Rate |
|---|---|---|---|
| 2020-02-29 | $106.004 T | $1.213 M | 8.7% |
| 2021-02-28 | $227.225 T | $1.348 M | 16.9% |
| 2022-02-28 | $361.629 T | $2.904 M | 12.5% |
| 2023-02-28 | $154.009 T | $789.914 T | 19.5% |
| 2024-02-29 | $303.116 T | $1.745 M | 17.4% |
Read more about ebt, incl. unusual items and income tax expense
The chart above depicts the distribution of effective tax rate for companies operating in the Information Technology sector in the Developed economic region. Over 3,350 companies were considered in this analysis, and 2,118 had meaningful values. The average effective tax rate of companies in the sector is 14.8% with a standard deviation of 17.4%.
Sono-Tek Corp's Effective Tax Rate of 12.4% ranks in the 44.3% percentile for the sector. The following table provides additional summary stats:
| Economic Risk Region | Developed |
| Total Constituents | 3,355 |
| Included Constituents | 2,118 |
| Min | -42.2% |
| Max | 71.1% |
| Median | 16.0% |
| Mean | 14.8% |
| Standard Deviation | 17.4% |
You can find companies with similar effective tax rate using this stock screener.