Formula Systems (1985) (FORTY) Change in Taxes (2009 - 2019)
Formula Systems (1985) (FORTY) reported Change in Taxes of $2019.0 for Q2 2019, up 100.0% quarter-over-quarter from -$59.4 million in Q4 2018.
Formula Systems (1985) (FORTY) Change in Taxes (2009 - 2019) Analysis & Trends
Formula Systems (1985) has reported Change in Taxes for 9 years, with the latest figure at $2019.0 in Q2 2019.
- For the quarter ending Q2 2019, Change in Taxes changed N/A year-over-year to $2019.0; the trailing twelve-month figure through Jun 2019 stood at $2019.0 (changed N/A YoY), and the FY2018 full-year result was $2019.0, changed 0.05% from the prior year.
- Change in Taxes for Q2 2019 stood at $2019.0, up from -$59.4 million in the prior quarter.
- The five-year high for Change in Taxes was $12.9 million in Q3 2017, with the low at -$59.4 million in Q4 2018.
- Historically, Change in Taxes has averaged -$7.1 million across 5 years, with a median of $2019.0 in 2019.
- Annual changes were most pronounced in 2016 — Change in Taxes increased 0.05% — and 2018, when it sank 764.06%.
- Formula Systems (1985)'s Change in Taxes stood at $2.0 million in 2015, then rose by 0.05% to $2.0 million in 2016, then plunged by 441.17% to -$6.9 million in 2017, then slumped by 764.06% to -$59.4 million in 2018, then surged by 100.0% to $2019.0 in 2019.
- The last three Change in Taxes figures came in at $2019.0 (Q2 2019), -$59.4 million (Q4 2018), and $2018.0 (Q3 2018), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 250,975,992.28 Bn | 250,975,991.00 Bn | 1.56 Bn | - |
| 2 | International Business Machines | 267.32 Bn | 252.39 Bn | 8.95 Bn | - |
| 3 | Wipro | 138.60 Bn | 137.44 Bn | 751.00 Mn | -122.00 Mn |
| 4 | Accenture | 109.98 Bn | 101.66 Bn | 16.30 Bn | -138.81 Mn |
| 5 | Cognizant Technology Solutions | 25.38 Bn | 23.86 Bn | 1.78 Bn | - |
| 6 | Fidelity National Information Services | 21.09 Bn | 20.34 Bn | 1.11 Bn | - |
| 7 | Broadridge Financial Solutions | 17.60 Bn | 17.30 Bn | 626.90 Mn | - |
| 8 | Cdw | 17.16 Bn | 16.58 Bn | 1.19 Bn | - |
| 9 | Leidos Holdings | 15.68 Bn | 15.27 Bn | 761.00 Mn | 101.00 Mn |
| 10 | Formula Systems (1985) | 293,580.00 | -1.18 Bn | 146.04 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2019 | 2,019.00 |
| Jun 30, 2019 | 2,019.00 |
| Dec 31, 2018 | -59.43 Mn |
| Dec 31, 2018 | -59.43 Mn |
| Sep 30, 2018 | 2,018.00 |
| Sep 30, 2018 | 2,018.00 |
| Dec 31, 2017 | -6.88 Mn |
| Dec 31, 2017 | -6.88 Mn |
| Sep 30, 2017 | 12.91 Mn |
| Sep 30, 2017 | 12.91 Mn |
| Dec 31, 2016 | 2.02 Mn |
| Dec 31, 2016 | 2.02 Mn |
| Dec 31, 2015 | 2.02 Mn |
| Dec 31, 2015 | 2.02 Mn |
| Sep 30, 2012 | 11.44 Mn |
| Sep 30, 2012 | 11.44 Mn |
| Jun 30, 2012 | 10.03 Mn |
| Jun 30, 2012 | 10.03 Mn |
| Mar 31, 2012 | 10.39 Mn |
| Mar 31, 2012 | 10.39 Mn |