Canadian Solar (CSIQ) Current Taxes (2012 - 2023)
Canadian Solar's (CSIQ) quarterly Current Taxes came in at $8.1 million in Q4 2023, up 73.03% on a YoY basis from $4.7 million in Q4 2022, and up 73.03% quarter-over-quarter from $4.7 million in Q4 2022.
Analysis
Canadian Solar (CSIQ) Current Taxes (2012 - 2023) Analysis & Trends
Canadian Solar (CSIQ) has reported Current Taxes for 5 consecutive years, with $8.1 million the latest figure, recorded in Q4 2023.
- For the quarter ending Q4 2023, Current Taxes rose 73.03% year-over-year to $8.1 million; the trailing twelve-month figure through Dec 2023 stood at $8.1 million (up 73.03% YoY), and the FY2023 full-year result was $8.1 million, up 73.03% from the prior year.
- Current Taxes advanced to $8.1 million in Q4 2023 per CSIQ's latest filing, from $4.7 million in the prior quarter.
- Across five years, Current Taxes topped out at $43.4 million in Q4 2021 and bottomed at $4.7 million in Q4 2022.
- Historically, Current Taxes has averaged $19.1 million across 4 years, with a median of $14.1 million in 2020.
- The sharpest annual moves came in 2021 and 2022: Current Taxes surged 115.26% in 2021, then sank 89.2% in 2022.
- Over 4 years, Current Taxes stood at $20.2 million in 2020, then soared by 115.26% to $43.4 million in 2021, then tumbled by 89.2% to $4.7 million in 2022, then soared by 73.03% to $8.1 million in 2023.
- According to Business Quant data, Current Taxes over the past three periods registered $8.1 million, $4.7 million, and $43.4 million for Q4 2023, Q4 2022, and Q4 2021 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.26 Bn | 20.53 Bn | 605.00 Mn | 46.59 Mn |
| 2 | Nextpower | 12.25 Bn | 11.04 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 4.86 Bn | 3.93 Bn | 175.01 Mn | - |
| 4 | Solaredge Technologies | 2.25 Bn | 1.67 Bn | 95.15 Mn | - |
| 5 | T1 Energy | 1.29 Bn | 1.08 Bn | 49.10 Mn | - |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | - |
| 7 | Canadian Solar | 877.81 Mn | -588.69 Mn | 168.48 Mn | - |
| 8 | Array Technologies | 700.09 Mn | 392.79 Mn | 99.60 Mn | 3.84 Mn |
| 9 | JinkoSolar Holding | 608.82 Mn | -2.07 Bn | 75.62 Mn | 38.67 Mn |
| 10 | Toyo | 131.54 Mn | 21.49 Mn | 36.97 Mn | 24.78 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2023 | 8.12 Mn |
| Dec 31, 2022 | 4.69 Mn |
| Dec 31, 2021 | 43.42 Mn |
| Dec 31, 2020 | 20.17 Mn |
| Dec 31, 2012 | 70.06 Mn |