Genco Shipping & Trading (GNK) Tax Rate (2010 - 2016)
Genco Shipping & Trading's (GNK) quarterly Tax Rate came in at 0.23% in 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.
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Analysis
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.
- On a quarterly basis, Tax Rate rose 77.0% year-over-year to 0.23% in Q4 2016; TTM through Sep 2017 was 0.07%, a 49.0% increase from a year earlier, with the FY2020 full-year figure at 0.18%, up 25.0% from the prior year.
- Tax Rate was 0.23% for Q4 2016 at Genco Shipping & Trading, up from 1.54% in the prior quarter.
- Over five years, Tax Rate peaked at 0.23% in Q4 2016 and troughed at 4.94% in Q4 2013.
- A 5-year average of 0.99% and a median of 0.69% in 2015 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate sank 1952 bps in 2012 and soared 138 bps in 2015, its largest moves.
- Over 5 years, Tax Rate stood at 0.63% in 2012, then slumped by 688 bps to 4.94% in 2013, then surged by 64 bps to 1.77% in 2014, then soared by 69 bps to 0.54% in 2015, then surged by 142 bps to 0.23% in 2016.
- The last three Tax Rate figures came in at 0.23% (Q4 2016), 1.54% (Q3 2016), and 0.09% (Q2 2016), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.35 Bn | 10.03 Bn | - | -0.08% |
| 2 | Kirby | 7.39 Bn | 7.35 Bn | 290.80 Mn | 24.16% |
| 3 | Matson | 6.76 Bn | 6.64 Bn | - | 21.05% |
| 4 | International Seaways | 5.13 Bn | 5.13 Bn | 467.16 Mn | 0.00% |
| 5 | Hafnia | 4.45 Bn | 4.17 Bn | 372.91 Mn | -0.51% |
| 6 | Cmb.Tech | 4.42 Bn | 4.26 Bn | 970.62 Mn | -0.27% |
| 7 | Scorpio Tankers | 3.80 Bn | 1.97 Bn | 343.91 Mn | - |
| 8 | ZIM Integrated Shipping Services | 3.60 Bn | 2.57 Bn | 255.00 Mn | 5.60% |
| 9 | Star Bulk Carriers | 3.56 Bn | 3.00 Bn | 299.80 Mn | - |
| 10 | Genco Shipping & Trading | 1.17 Bn | 1.17 Bn | 92.30 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2016 | 0.23% |
| Sep 30, 2016 | -1.54% |
| Jun 30, 2016 | -0.09% |
| Mar 31, 2016 | -0.47% |
| Dec 31, 2015 | -0.54% |
| Sep 30, 2015 | -0.40% |
| Jun 30, 2015 | -1.40% |
| Mar 31, 2015 | -0.69% |
| Sep 30, 2014 | -1.77% |
| Jun 30, 2014 | -0.56% |
| Mar 31, 2014 | -0.99% |
| Dec 31, 2013 | -4.94% |
| Sep 30, 2013 | -1.31% |
| Jun 30, 2013 | -0.60% |
| Mar 31, 2013 | -0.43% |
| Dec 31, 2012 | -0.63% |
| Sep 30, 2012 | -0.73% |
| Jun 30, 2012 | -1.14% |
| Mar 31, 2012 | -0.75% |
| Dec 31, 2011 | 17.25% |