CervoMed (CRVO) Tax Rate (2014 - 2021)

CervoMed (CRVO) posted Tax Rate of 11.51% for Q4 2021, up 227.91% sequentially from 3.51% in Q3 2021.

CervoMed (CRVO) Tax Rate (2014 - 2021) Analysis & Trends

CervoMed has reported Tax Rate for 6 years, with the latest figure at 11.51% in Q4 2021.

Quarterly Tax Rate changed N/A year-over-year to 11.51% in Q4 2021, while the trailing twelve-month figure through Dec 2022 was 5.31% (up 187.0% YoY) and the FY2021 annual result came in at 1.63%, down 893.0% from the prior year.
Tax Rate grew to 11.51% in Q4 2021 per CRVO's latest filing, from 3.51% in the prior quarter.
Over five years, Tax Rate peaked at 15.36% in Q3 2020 and troughed at 27.88% in Q4 2019.
A 4-year average of 4.73% and a median of 6.32% in 2019 frame the typical range for Tax Rate.
The sharpest annual moves came in 2019 and 2020: Tax Rate slumped 2707 bps in 2019, then surged 978 bps in 2020.
Over 4 years, Tax Rate stood at 0.82% in 2018, then sank by 3314 bps to 27.88% in 2019, then surged by 155 bps to 15.36% in 2020, then decreased by 25 bps to 11.51% in 2021.
According to Business Quant data, Tax Rate over the past three periods registered 11.51%, 3.51%, and 15.36% for Q4 2021, Q3 2021, and Q3 2020 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Tax Rate (Qtr)
1	Vertex Pharmaceuticals	139.13 Bn	131.28 Bn	2.84 Bn	20.98%
2	Regeneron Pharmaceuticals	85.77 Bn	77.77 Bn	3.93 Bn	15.11%
3	Argenx Se	64.64 Bn	59.46 Bn	1.37 Bn	10.91%
4	Moderna	58.29 Bn	53.16 Bn	52.00 Mn	-1.96%
5	BeOne Medicines	41.92 Bn	36.82 Bn	1.53 Bn	24.15%
6	Alnylam Pharmaceuticals	31.58 Bn	28.28 Bn	992.69 Mn	7.49%
7	BioNTech SE	28.12 Bn	9.73 Bn	668.28 Mn	34.12%
8	Insmed	27.39 Bn	26.22 Bn	358.27 Mn	-16.71%
9	Royalty Pharma	27.27 Bn	26.43 Bn	-	-
10	CervoMed	26.64 Mn	26.64 Mn	-	-

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