Daqo New Energy (DQ) Tax Rate (2009 - 2025)

Daqo New Energy (DQ) posted Tax Rate of 0.03% for Q1 2024, up 99.82% sequentially from 19.01% in Q4 2023, and up 1701.0% YoY from 0.0% in Q2 2023.

Daqo New Energy (DQ) Tax Rate (2009 - 2025) Analysis & Trends

Daqo New Energy has reported Tax Rate for 15 years, with the latest figure at 0.03% in Q1 2024.

Quarterly Tax Rate rose 1701.0% year-over-year to 0.03% in Q1 2024, while the trailing twelve-month figure through Mar 2024 was 15.51% (up 3.0% YoY) and the FY2025 annual result came in at 25.0%, up 1151.0% from the prior year.
Tax Rate grew to 0.03% in Q1 2024 per DQ's latest filing, from 19.01% in the prior quarter.
Over five years, Tax Rate peaked at 0.03% in Q1 2024 and troughed at 45.59% in Q2 2020.
A 5-year average of 17.64% and a median of 16.3% in 2022 frame the typical range for Tax Rate.
The sharpest annual moves came in 2020 and 2021: Tax Rate slumped 7819 bps in 2020, then soared 3074 bps in 2021.
Over 5 years, Tax Rate stood at 15.13% in 2020, then slumped by 45 bps to 21.97% in 2021, then declined by 7 bps to 23.41% in 2022, then rose by 19 bps to 19.01% in 2023, then soared by 100 bps to 0.03% in 2024.
According to Business Quant data, Tax Rate over the past three periods registered 0.03%, 19.01%, and 0.05% for Q1 2024, Q4 2023, and Q3 2023 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Tax Rate (Qtr)
1	Asml Holding	683.77 Bn	668.27 Bn	5.90 Bn	-
2	Lam Research	393.97 Bn	388.39 Bn	3.48 Bn	10.87%
3	Applied Materials	389.80 Bn	381.56 Bn	3.95 Bn	12.99%
4	Kla	240.86 Bn	239.21 Bn	2.24 Bn	12.03%
5	Teradyne	58.87 Bn	58.52 Bn	794.62 Mn	15.06%
6	Qnity Electronics	27.06 Bn	26.10 Bn	666.00 Mn	31.66%
7	Entegris	21.93 Bn	21.58 Bn	420.00 Mn	14.99%
8	Onto Innovation	14.50 Bn	12.61 Bn	183.25 Mn	12.26%
9	Amkor Technology	12.45 Bn	9.94 Bn	318.59 Mn	13.93%
10	Daqo New Energy	915.98 Mn	-352.59 Mn	-139.37 Bn	-15.10%

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