Rite Aid Calculated Tax Rate Trend from 2010 to 2020

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RAD -- USA Stock  

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Rite Aid Calculated Tax Rate is decreasing over the years with slightly volatile fluctuation. Calculated Tax Rate is expected to dwindle to -382.75. During the period from 2010 to 2020 Rite Aid Calculated Tax Rate anual values regression line had geometric mean of 19.70 and mean square error of  23,351. Rite Aid Consolidated Income is expected to significantly increase based on the last few years of reporting. The last year's Consolidated Income was at 1.9 Billion. The current year Earning Before Interest and Taxes EBIT is expected to grow to about 800.6 M, whereas Gross Profit is expected to decline to about 4.7 B.

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Check Rite Aid financial statements over time to gain insight into the future company performance. Apply historical fundamental analysis to find patterns among financial statement drivers such as Direct Expenses of 20.1 B, Consolidated Income of 2 B or Cost of Revenue of 15.9 B, as well as many exotic indicators such as Interest Coverage of 0.3884, Long Term Debt to Equity of 4.71 or PPandE Turnover of 14.79. This can be a perfect complement to check Rite Aid Valuation or Volatility. It can also complement various Rite Aid Technical models. Additionally, take a look at the analysis of Rite Aid Correlation with competitors.

Rite Aid Calculated Tax Rate Marginal Breakdown

Showing smoothed Calculated Tax Rate of Rite Aid with missing and latest data points interpolated.
Calculated Tax Rate10 Years Trend
Decreasing
Slightly volatile
 Calculated Tax Rate 
      Timeline 

Rite Aid Calculated Tax Rate Regression Statistics

Arithmetic Mean(113.60)
Geometric Mean 19.70
Coefficient Of Variation(190.08)
Mean Deviation 194.80
Median 0.32
Standard Deviation 215.94
Sample Variance 46,629
Range 485.79
R-Value(0.74)
Mean Square Error 23,351
R-Squared 0.55
Significance 0.009056
Slope(48.25)
Total Sum of Squares 466,295

Rite Aid Calculated Tax Rate Over Time

2010  0.32 
2014  91.63 
2017 (394.16) 
2019 (354.74) 
2020 (382.75) 

About Rite Aid Financial Statement Charts

There are typically three primary documents that fall into the category of financial statements. These documents include Rite Aid income statement, its balance sheet, and the statement of cash flows. Rite Aid investors use historical funamental indicators, such as Rite Aid's Calculated Tax Rate, to determine how well the company is positioned to perform in the future. Although Rite Aid investors may use each financial statement separately, they are all related. The changes in Rite Aid's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Rite Aid's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Rite Aid Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Rite Aid. Please read more on our technical analysis and fundamental analysis pages.
 2010 2014 2019 2020 (projected)
Receivables949.06 M1.79 B1.29 B1.22 B
Inventories2.99 B1.87 B1.92 B2.57 B
Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. Rite Aid Corporation was founded in 1962 and is headquartered in Camp Hill, Pennsylvania. Rite Aid operates under Pharmaceutical Retailers classification in USA and is traded on BATS Exchange. It employs 29840 people.

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Rite Aid Investor Sentiment

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Additionally, take a look at the analysis of Rite Aid Correlation with competitors. Please also try Commodity Channel Index module to use commodity channel index to analyze current equity momentum.
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