BTC Digital (BTCT) Tax Rate (2018 - 2021)
BTC Digital's (BTCT) quarterly Tax Rate came in at 2.19% in Q2 2021, down 535.0% YoY from 0.5% in Q2 2020, and down 136.38% on a QoQ basis from 6.01% in Q1 2021.
BTC Digital (BTCT) Tax Rate (2018 - 2021) Analysis & Trends
BTC Digital (BTCT) has 4 years of Tax Rate data on file, last reported at 2.19% in Q2 2021.
- Quarterly Tax Rate fell 535.0% year-over-year to 2.19% in Q2 2021, while the trailing twelve-month figure through Jun 2021 was 60.16% (down 6605.0% YoY) and the FY2022 annual result came in at 168.93%, down 17391.0% from the prior year.
- Tax Rate eased to 2.19% in Q2 2021, from 6.01% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 39.37% in Q3 2020 to a low of 20.78% in Q3 2019.
- A 4-year average of 2.58% and a median of 1.43% in 2020 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2019 — Tax Rate plunged 1312 bps — and 2020, when it jumped 6015 bps.
- Tracing BTCT's Tax Rate over 4 years: stood at 17.58% in 2018, then plunged by 75 bps to 4.46% in 2019, then plunged by 39 bps to 2.71% in 2020, then slumped by 181 bps to 2.19% in 2021.
- The last three Tax Rate figures came in at 2.19% (Q2 2021), 6.01% (Q1 2021), and 2.71% (Q4 2020), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 280.00 Bn | 268.42 Bn | 7.78 Bn | 12.92% |
| 2 | Arista Networks | 236.48 Bn | 223.14 Bn | 1.91 Bn | 19.37% |
| 3 | Sandisk | 219.05 Bn | 214.29 Bn | 7.58 Bn | 12.05% |
| 4 | Seagate Technology Holdings | 173.77 Bn | 172.06 Bn | 1.90 Bn | 14.02% |
| 5 | Western Digital | 148.61 Bn | 145.37 Bn | 1.68 Bn | 4.58% |
| 6 | Everpure | 33.29 Bn | 31.79 Bn | 723.33 Mn | 28.91% |
| 7 | Hp | 26.26 Bn | 22.56 Bn | 3.02 Bn | 8.72% |
| 8 | Super Micro Computer | 21.11 Bn | 19.82 Bn | 1.02 Bn | 20.77% |
| 9 | Logitech International | 13.96 Bn | 12.21 Bn | 607.94 Mn | 14.48% |
| 10 | BTC Digital | 15.09 Mn | 11.30 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2021 | -2.19% |
| Jun 30, 2021 | -2.19% |
| Jun 30, 2021 | -2.19% |
| Mar 31, 2021 | 6.01% |
| Mar 31, 2021 | 6.01% |
| Mar 31, 2021 | 6.01% |
| Dec 31, 2020 | 2.71% |
| Dec 31, 2020 | 2.71% |
| Dec 31, 2020 | 2.71% |
| Sep 30, 2020 | 39.37% |
| Sep 30, 2020 | 39.37% |
| Sep 30, 2020 | 39.37% |
| Aug 31, 2020 | 0.16% |
| Aug 31, 2020 | 0.16% |
| Aug 31, 2020 | 0.16% |
| Jun 30, 2020 | 3.16% |
| Jun 30, 2020 | 3.16% |
| Jun 30, 2020 | 3.16% |
| Mar 31, 2020 | -2.44% |
| Mar 31, 2020 | -2.44% |