Genco Shipping & Trading (GNK) Tax Rate (2010 - 2016)
Genco Shipping & Trading (GNK) posted quarterly Tax Rate of 0.23% for Q4 2016, up 77.0% year-over-year from 0.13% in Q1 2016, and up 114.72% quarter-over-quarter from 1.54% in Q3 2016.
Genco Shipping & Trading (GNK) Tax Rate (2010 - 2016) Analysis & Trends
Genco Shipping & Trading (GNK) has reported Tax Rate for 7 consecutive years, with 0.23% the latest figure, recorded in Q4 2016.
- In Q4 2016, Tax Rate rose 77.0% year-over-year to 0.23%; the TTM figure through Sep 2017 stood at 0.07% (up 49.0% YoY), while the FY2020 annual figure was 0.18%, up 25.0% from the prior year.
- Tax Rate improved to 0.23% in Q4 2016 per GNK's latest filing, from 1.54% in the prior quarter.
- Across five years, Tax Rate topped out at 54.41% in Q2 2014 and bottomed at 131.19% in Q4 2013.
- Historically, Tax Rate has averaged 4.25% across 5 years, with a median of 0.54% in 2015.
- Annual changes were most pronounced in 2013 — Tax Rate plunged 13144 bps — and 2014, when it soared 5502 bps.
- Genco Shipping & Trading's Tax Rate stood at 0.25% in 2012, then slumped by 51761 bps to 131.19% in 2013, then jumped by 99 bps to 1.77% in 2014, then surged by 69 bps to 0.54% in 2015, then jumped by 142 bps to 0.23% in 2016.
- Business Quant data shows GNK's Tax Rate at 0.23% in Q4 2016, 1.54% in Q3 2016, and 0.09% in Q2 2016.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Kirby | 7.46 Bn | 7.42 Bn | 290.80 Mn | 24.16% |
| 2 | Matson | 6.58 Bn | 6.46 Bn | - | 21.05% |
| 3 | Hafnia | 3.91 Bn | 3.80 Bn | 152.41 Mn | -2.13% |
| 4 | ZIM Integrated Shipping Services | 3.47 Bn | 2.55 Bn | 57.20 Mn | -12.12% |
| 5 | Star Bulk Carriers | 3.37 Bn | 2.87 Bn | - | - |
| 6 | Danaos | 2.66 Bn | 1.43 Bn | 217.68 Mn | - |
| 7 | Okeanis Eco Tankers | 2.45 Bn | 2.23 Bn | 12,231.53 Bn | - |
| 8 | Navios Maritime Partners | 2.38 Bn | 1.97 Bn | 326.09 Mn | - |
| 9 | Costamare | 1.81 Bn | 1.51 Bn | 185.32 Mn | - |
| 10 | Genco Shipping & Trading | 1.14 Bn | 1.14 Bn | 92.30 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2016 | 0.23% |
| Dec 31, 2016 | 0.23% |
| Dec 31, 2016 | 0.23% |
| Sep 30, 2016 | -1.54% |
| Sep 30, 2016 | -1.54% |
| Sep 30, 2016 | -1.54% |
| Jun 30, 2016 | -0.09% |
| Jun 30, 2016 | -0.09% |
| Jun 30, 2016 | -0.09% |
| Mar 31, 2016 | -0.47% |
| Mar 31, 2016 | -0.47% |
| Mar 31, 2016 | -0.47% |
| Dec 31, 2015 | -0.54% |
| Dec 31, 2015 | -0.54% |
| Dec 31, 2015 | -0.54% |
| Sep 30, 2015 | -0.40% |
| Sep 30, 2015 | -0.40% |
| Sep 30, 2015 | -0.40% |
| Jun 30, 2015 | -1.40% |
| Jun 30, 2015 | -1.40% |