[OC] Apple’s 2022 Income Statement Visualized with a Sankey DiagramSubmitted by Square_Tea4916 t3_119hbu5 in dataisbeautiful
Additional-Local8721 t1_j9n5igj wrote
A 25% ROI with a 5% tax rate.
LSeww t1_j9n8a37 wrote
notice the asterisk
Additional-Local8721 t1_j9n8st3 wrote
Well, seeing that Net Income is ways lower than total assets since NI is rolled into equity, that's even worse. Their effective tax rate is probably closer to 1 or 2% then.
wanmoar t1_j9o4sbj wrote
Simple maths suggests their effective tax rate was around 19%
LSeww t1_j9n9ir9 wrote
Depending on a year, their effective tax rate was from 13 to 26%
TargetMost8136 t1_j9odvy9 wrote
How is their effective tax rate 1-2% if they paid $19bn in taxes
Jerund t1_j9ogy0d wrote
You know how to do math? 19 billion divided by 119billion. Doesn’t look like 1-2% to me. Around 16%
Nairne_ t1_j9omwtz wrote
Counterpoint: that’s not how either of those things work.
goodluckonyourexams t1_j9okl46 wrote
where you see roi here bro
j33tAy t1_j9rn3d1 wrote
It's not there. I think he's making some sort of assumption based off how much they spent on R&D? Or just income divided by revenue?
But that's not how ROI works so...
goodluckonyourexams t1_j9uo131 wrote
that's what I was trying to say with the "bro"
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