What factors influenced AZEK's tax expenses recently?

The factors that influenced AZEK's tax expenses recently are as follows: 1. **Income Tax Expenses**: AZEK's income tax expenses decreased by 91.23% to $1.46 million. This significant drop suggests a substantial reduction in the company's taxable income or tax-efficient strategies implemented by the management. |code|Ticker|Name|Date|Income Taxes|Income Taxes YoY|market_code| |---|---|---|---|---|---|---| |AZEK|AZEK.N|AZEK|2024 Q2|1.5309E7|106.45987862440998|169| |AZEK|AZEK.N|AZEK|2024 Q3|1.7892E7|35.38135593220339|169| |AZEK|AZEK.N|AZEK|2024 Q4|6268000|-49.156391953277094|169| |AZEK|AZEK.N|AZEK|2025 Q1|1463000|-91.2269129287599|169| 2. **Net Income**: The net income of AZEK decreased by 27.93% to $18.12 million. This decline could be a primary factor influencing the lower income tax expenses, as the tax liability is directly related to the taxable income. |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |AZEK|AZEK.N|AZEK|2024 Q2|173.02057613168725|4.9758E7|169| |AZEK|AZEK.N|AZEK|2024 Q3|44.659353348729795|5.011E7|169| |AZEK|AZEK.N|AZEK|2024 Q4|-27.702582141673677|2.8363E7|169| |AZEK|AZEK.N|AZEK|2025 Q1|-27.93065054875139|1.8124E7|169| 3. **Tax Rate**: The income tax rate for AZEK is 0.08, which indicates that the company pays a relatively low tax rate on its net income. This rate suggests that AZEK might be benefiting from tax deductions, credits, or other tax-efficient practices. |code|Ticker|Name|Date|Income Taxes|market_code| |---|---|---|---|---|---| |AZEK|AZEK.N|AZEK|2024 Q2|1.5309E7|169| |AZEK|AZEK.N|AZEK|2024 Q3|1.7892E7|169| |AZEK|AZEK.N|AZEK|2024 Q4|6268000|169| |AZEK|AZEK.N|AZEK|2025 Q1|1463000|169| In conclusion, AZEK's tax expenses have been influenced by a combination of factors including a decrease in net income and a lower income tax rate. These factors, either directly or indirectly, impact the amount of income tax expenses that the company incurs.