Codere Online Luxembourg (CDRO) Tax Rate (2020 - 2023)
Codere Online Luxembourg's (CDRO) quarterly Tax Rate came in at 3.06% in Q4 2023, down 907.0% on a YoY basis from 0.38% in Q4 2022, and down 150.92% quarter-over-quarter from 6.01% in Q4 2022.
Analysis
Codere Online Luxembourg (CDRO) Tax Rate (2020 - 2023) Analysis & Trends
Codere Online Luxembourg (CDRO) has reported Tax Rate for 4 consecutive years, with 3.06% the latest figure, recorded in Q4 2023.
- For the quarter ending Q4 2023, Tax Rate fell 907.0% year-over-year to 3.06%; the trailing twelve-month figure through Dec 2023 stood at 0.59% (changed N/A YoY), and the FY2025 full-year result was 408.82%, down 43603.0% from the prior year.
- Tax Rate eased to 3.06% in Q4 2023 per CDRO's latest filing, from 6.01% in the prior quarter.
- Across five years, Tax Rate topped out at 10.22% in Q4 2020 and bottomed at 3.06% in Q4 2023.
- Historically, Tax Rate has averaged 3.65% across 4 years, with a median of 3.73% in 2021.
- The sharpest annual moves came in 2022 and 2023: Tax Rate soared 457 bps in 2022, then plunged 907 bps in 2023.
- Over 4 years, Tax Rate stood at 10.22% in 2020, then tumbled by 86 bps to 1.44% in 2021, then jumped by 317 bps to 6.01% in 2022, then plunged by 151 bps to 3.06% in 2023.
- According to Business Quant data, Tax Rate over the past three periods registered 3.06%, 6.01%, and 1.44% for Q4 2023, Q4 2022, and Q4 2021 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | DraftKings | 21.34 Bn | 20.35 Bn | 551.45 Mn | 2.50% |
| 2 | Flutter Entertainment | 17.38 Bn | 16.20 Bn | 1.71 Bn | 1.00% |
| 3 | Super Group (SGHC) | 7.08 Bn | 6.53 Bn | - | -26.79% |
| 4 | Rush Street Interactive | 6.18 Bn | 6.00 Bn | 139.66 Mn | 41.08% |
| 5 | Codere Online Luxembourg | 412.23 Mn | 342.98 Mn | - | - |
| 6 | Meridian Holdings | 171.67 Mn | 155.85 Mn | 26.85 Mn | 24.11% |
| 7 | High Roller Technologies | 54.90 Mn | 52.24 Mn | - | - |
| 8 | VIP Play | 24.98 Mn | 24.89 Mn | -313,000.00 | - |
| 9 | Apple iSports | 16.64 Mn | 16.64 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2023 | -3.06% |
| Dec 31, 2022 | 6.01% |
| Dec 31, 2021 | 1.44% |
| Dec 31, 2020 | 10.22% |