Culp (CULP) Tax Rate (2010 - 2023)

Culp (CULP) posted Tax Rate of 19.78% for Q2 2023, down 500.41% sequentially from 3.29% in Q1 2023, and down 1511.0% YoY from 1.4% in Q2 2022.

Culp (CULP) Tax Rate (2010 - 2023) Analysis & Trends

Culp has reported Tax Rate for 14 years, with the latest figure at 19.78% in Q2 2023.

Quarterly Tax Rate fell 1511.0% year-over-year to 19.78% in Q2 2023, while the trailing twelve-month figure through Apr 2023 was 10.92% (up 102479.0% YoY) and the FY2023 annual result came in at 10.92%, up 88139.0% from the prior year.
Tax Rate declined to 19.78% in Q2 2023 per CULP's latest filing, from 3.29% in the prior quarter.
Over five years, Tax Rate peaked at 459.32% in Q3 2020 and troughed at 19.78% in Q2 2023.
A 5-year average of 56.41% and a median of 28.76% in 2021 frame the typical range for Tax Rate.
The sharpest annual moves came in 2020 and 2021: Tax Rate jumped 41046 bps in 2020, then slumped 43063 bps in 2021.
Over 5 years, Tax Rate stood at 50.12% in 2019, then declined by 17 bps to 41.39% in 2020, then slipped by 17 bps to 34.29% in 2021, then slumped by 130 bps to 10.43% in 2022, then plunged by 90 bps to 19.78% in 2023.
According to Business Quant data, Tax Rate over the past three periods registered 19.78%, 3.29%, and 10.43% for Q2 2023, Q1 2023, and Q4 2022 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Tax Rate (Qtr)
1	Albany International	1.68 Bn	1.60 Bn	107.90 Mn	31.99%
2	SMJ International Holdings	284.54 Mn	264.91 Mn	-	-
3	Unifi	146.24 Mn	117.77 Mn	9.12 Mn	-56.87%
4	Culp	43.07 Mn	43.07 Mn	-	-
5	Ping An Biomedical	2.39 Mn	-2.74 Mn	-	-

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