Envoy Medical (COCH) Tax Rate (2022 - 2023)
Envoy Medical (COCH) reported Tax Rate of 11.92% for Q2 2023, down 1531.0% on a YoY basis from 0.83% in Q2 2022, and down 122.09% sequentially from 53.97% in Q1 2023.
Envoy Medical (COCH) Tax Rate (2022 - 2023) Analysis & Trends
Envoy Medical (COCH) has 2 years of Tax Rate data on file, last reported at 11.92% in Q2 2023.
- For the quarter ending Q2 2023, Tax Rate fell 1531.0% year-over-year to 11.92%; the trailing twelve-month figure through Jun 2023 stood at 41.95% (up 4129.0% YoY), and the FY2022 full-year result was 7.24%, changed N/A from the prior year.
- Tax Rate declined to 11.92% in Q2 2023, from 53.97% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 53.97% in Q1 2023 to a low of 74.78% in Q4 2022.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 201.40 Bn | 194.75 Bn | 6.27 Bn | 25.67% |
| 2 | Stryker | 122.29 Bn | 119.41 Bn | 3.81 Bn | 12.35% |
| 3 | Medtronic | 105.01 Bn | 96.40 Bn | 6.41 Bn | 31.35% |
| 4 | Boston Scientific | 64.81 Bn | 63.59 Bn | 3.61 Bn | -15.15% |
| 5 | Edwards Lifesciences | 55.28 Bn | 51.60 Bn | 1.29 Bn | 17.06% |
| 6 | Dexcom | 29.06 Bn | 27.94 Bn | 750.30 Mn | 25.97% |
| 7 | Koninklijke Philips | 29.02 Bn | 25.93 Bn | 2.07 Bn | -23.16% |
| 8 | GE HealthCare Technologies | 28.27 Bn | 26.20 Bn | 1.98 Bn | 18.61% |
| 9 | Smith & Nephew | 25.80 Bn | 25.22 Bn | - | - |
| 10 | Envoy Medical | 45.50 Mn | 20.25 Mn | -274,000.00 | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2023 | -11.92% |
| Jun 30, 2023 | -11.92% |
| Jun 30, 2023 | -11.92% |
| Mar 31, 2023 | 53.97% |
| Mar 31, 2023 | 53.97% |
| Mar 31, 2023 | 53.97% |
| Dec 31, 2022 | -74.78% |
| Dec 31, 2022 | -74.78% |
| Dec 31, 2022 | -74.78% |
| Sep 30, 2022 | 8.58% |
| Sep 30, 2022 | 8.58% |
| Sep 30, 2022 | 8.58% |
| Jun 30, 2022 | 3.39% |
| Jun 30, 2022 | 3.39% |
| Jun 30, 2022 | 3.39% |