Abpro Holdings (ABPO) Tax Rate (2022 - 2023)
Abpro Holdings (ABPO) recorded Tax Rate of -8.99% in Q3 2024, down 195.87 percentage points from 186.87% a year earlier and down 0.62 percentage points from the prior quarter.
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Analysis
Abpro Holdings (ABPO) Tax Rate (2022 - 2023) Analysis & Trends
On a TTM basis, Abpro Holdings' Tax Rate came in at -8.93% as of Sep 30, 2024, down 36.41 percentage points year-over-year; for FY2023, it came in at 29.44%, down 18.72 percentage points from FY2022.
- Across earlier years, Tax Rate came in at 48.16% in FY2022.
- The Q3 2024 figure is the lowest quarterly Tax Rate in data going back to Q2 2022.
- On a year-over-year basis, Tax Rate has declined for three consecutive quarters, with an average year-over-year change of +2.18 percentage points over the last six quarters.
- Per Business Quant, the preceding three quarters came in at -8.37% (Q2 2024), -0.40% (Q1 2024) and 109.46% (Q4 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 638.12 Bn | 556.64 Bn | 17.26 Bn | 17.98% |
| 2 | AbbVie | 462.60 Bn | 435.75 Bn | 12.70 Bn | 15.47% |
| 3 | Merck | 358.70 Bn | 313.13 Bn | 12.21 Bn | - |
| 4 | Novartis Ag | 272.16 Bn | 228.03 Bn | 11.24 Bn | - |
| 5 | Astrazeneca | 250.36 Bn | 223.92 Bn | 12.86 Bn | - |
| 6 | Amgen | 227.87 Bn | 183.27 Bn | 7.24 Bn | 14.20% |
| 7 | Gilead Sciences | 184.97 Bn | 159.08 Bn | 6.22 Bn | - |
| 8 | Pfizer | 162.61 Bn | 109.56 Bn | 10.94 Bn | - |
| 9 | Vertex Pharmaceuticals | 132.45 Bn | 104.46 Bn | 2.84 Bn | 20.98% |
| 10 | Abpro Holdings | 2.06 Mn | 2.61 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2023 | 109.46% |
| Sep 30, 2023 | 186.87% |
| Jun 30, 2023 | 28.35% |
| Mar 31, 2023 | 24.72% |
| Dec 31, 2022 | 26.69% |
| Sep 30, 2022 | 30.55% |
API Access
Abpro Holdings Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=ABPO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "ABPO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=ABPO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();