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 | 279.74 Bn | 268.16 Bn | 7.78 Bn | 12.92% |
| 2 | Arista Networks | 233.03 Bn | 220.67 Bn | 1.68 Bn | 19.55% |
| 3 | Sandisk | 191.00 Bn | 187.26 Bn | 4.66 Bn | 11.98% |
| 4 | Seagate Technology Holdings | 182.93 Bn | 181.79 Bn | 1.45 Bn | 13.43% |
| 5 | Western Digital | 180.27 Bn | 177.03 Bn | 1.68 Bn | 4.58% |
| 6 | Everpure | 26.48 Bn | 24.98 Bn | 723.33 Mn | 28.91% |
| 7 | Hp | 25.04 Bn | 21.33 Bn | 3.02 Bn | 8.72% |
| 8 | Super Micro Computer | 17.15 Bn | 15.86 Bn | 1.02 Bn | 20.77% |
| 9 | Logitech International | 15.08 Bn | 13.33 Bn | 607.94 Mn | 14.48% |
| 10 | BTC Digital | 4.30 Mn | 503,282.27 | - | - |
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% |