BTC Digital (BTCT) Tax Rate (2018 - 2021)
BTC Digital (BTCT) reported Tax Rate of 2.19% for Q2 2021, down 535.0% on a YoY basis from 0.5% in Q2 2020, and down 136.38% quarter-over-quarter from 6.01% in Q1 2021.
BTC Digital (BTCT) Tax Rate (2018 - 2021) Analysis & Trends
BTC Digital has reported Tax Rate for 4 years, with the latest figure at 2.19% in Q2 2021.
- For the quarter ending Q2 2021, Tax Rate fell 535.0% year-over-year to 2.19%; the trailing twelve-month figure through Jun 2021 stood at 60.16% (down 6706.0% YoY), and the FY2021 full-year result was 4.98%, up 640.0% from the prior year.
- Tax Rate for Q2 2021 stood at 2.19%, down from 6.01% in the prior quarter.
- The five-year high for Tax Rate was 200.53% in Q4 2018, with the low at 20.78% in Q3 2019.
- Historically, Tax Rate has averaged 17.79% across 4 years, with a median of 1.43% in 2020.
- Annual changes were most pronounced in 2019 — Tax Rate plunged 19652 bps — and 2020, when it jumped 6015 bps.
- BTC Digital's Tax Rate stood at 200.53% in 2018, then tumbled by 98 bps to 4.01% in 2019, then tumbled by 33 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 266.21 Bn | 254.69 Bn | 6.73 Bn | 19.29% |
| 2 | Sandisk | 230.78 Bn | 227.04 Bn | 4.66 Bn | 11.98% |
| 3 | Arista Networks | 194.03 Bn | 181.67 Bn | 1.68 Bn | 19.55% |
| 4 | Seagate Technology Holdings | 183.90 Bn | 182.75 Bn | 1.45 Bn | 13.43% |
| 5 | Western Digital | 175.01 Bn | 171.77 Bn | 1.68 Bn | 4.58% |
| 6 | Super Micro Computer | 24.90 Bn | 23.61 Bn | 1.02 Bn | 20.77% |
| 7 | Everpure | 23.71 Bn | 22.70 Bn | 740.09 Mn | 6.76% |
| 8 | Hp | 23.64 Bn | 19.93 Bn | 3.02 Bn | 8.72% |
| 9 | IonQ | 20.37 Bn | 18.35 Bn | 15.41 Mn | -0.80% |
| 10 | BTC Digital | 8.88 Mn | 5.09 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2021 | -2.19% |
| Jun 30, 2021 | -2.19% |
| Mar 31, 2021 | 6.01% |
| Mar 31, 2021 | 6.01% |
| Dec 31, 2020 | 2.71% |
| Dec 31, 2020 | 2.71% |
| Sep 30, 2020 | 39.37% |
| Sep 30, 2020 | 39.37% |
| Aug 31, 2020 | 0.16% |
| Aug 31, 2020 | 0.16% |
| Jun 30, 2020 | 3.16% |
| Jun 30, 2020 | 3.16% |
| Mar 31, 2020 | -2.44% |
| Mar 31, 2020 | -2.44% |
| Dec 31, 2019 | 4.01% |
| Dec 31, 2019 | 4.01% |
| Sep 30, 2019 | -20.78% |
| Sep 30, 2019 | -20.78% |
| Jun 30, 2019 | -1.27% |
| Jun 30, 2019 | -1.27% |