Greenlane Holdings (GNLN) Tax Rate (2018 - 2023)
Greenlane Holdings (GNLN) posted Tax Rate of 152.4% for Q4 2023, up 196523.57% sequentially from 0.08% in Q2 2023, and down 18622.0% YoY from N/an in Q4 2022.
Greenlane Holdings (GNLN) Tax Rate (2018 - 2023) Analysis & Trends
Greenlane Holdings has reported Tax Rate for 6 years, with the latest figure at 152.4% in Q4 2023.
- Quarterly Tax Rate fell 18622.0% year-over-year to 152.4% in Q4 2023, while the trailing twelve-month figure through Dec 2023 was 21.0% (up 1598.0% YoY) and the FY2025 annual result came in at 0.01%, down 477.0% from the prior year.
- Tax Rate grew to 152.4% in Q4 2023 per GNLN's latest filing, from 0.08% in the prior quarter.
- Over five years, Tax Rate peaked at 526.31% in Q3 2019 and troughed at 1.62% in Q3 2020.
- A 5-year average of 56.6% and a median of 0.03% in 2023 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2020 and 2022: Tax Rate slumped 52793 bps in 2020, then jumped 33881 bps in 2022.
- Over 5 years, Tax Rate stood at 0.31% in 2019, then slumped by 240 bps to 0.43% in 2020, then soared by 57 bps to 0.19% in 2021, then surged by 179618 bps to 338.62% in 2022, then tumbled by 55 bps to 152.4% in 2023.
- According to Business Quant data, Tax Rate over the past three periods registered 152.4%, 0.08%, and 0.01% for Q4 2023, Q2 2023, and Q1 2023 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 294.01 Bn | 288.01 Bn | 7.66 Bn | 22.25% |
| 2 | British American Tobacco p.l.c | 122.00 Bn | 118.30 Bn | - | - |
| 3 | Altria | 110.51 Bn | 108.15 Bn | 3.82 Bn | 21.54% |
| 4 | RLX Technology | 2.20 Bn | 1.45 Bn | 52.74 Mn | -10.07% |
| 5 | Turning Point Brands | 1.67 Bn | 1.40 Bn | 93.70 Mn | 26.34% |
| 6 | Universal | 1.12 Bn | 845.67 Mn | 83.09 Mn | 35.12% |
| 7 | Ispire Technology | 85.94 Mn | 66.71 Mn | 1.99 Mn | -1.90% |
| 8 | Rythm | 50.85 Mn | 8.94 Mn | 18.54 Mn | 5,738.10% |
| 9 | Greenlane Holdings | 11.64 Mn | -12.86 Mn | 32,000.00 | 0.02% |
| 10 | VPR Brands | 8.26 Mn | 5.92 Mn | 161,075.00 | 87.85% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | 152.40% |
| Dec 31, 2023 | 152.40% |
| Dec 31, 2023 | 152.40% |
| Jun 30, 2023 | 0.08% |
| Jun 30, 2023 | 0.08% |
| Jun 30, 2023 | 0.08% |
| Mar 31, 2023 | -0.01% |
| Mar 31, 2023 | -0.01% |
| Mar 31, 2023 | -0.01% |
| Dec 31, 2022 | 338.62% |
| Dec 31, 2022 | 338.62% |
| Dec 31, 2022 | 338.62% |
| Jun 30, 2022 | 0.11% |
| Jun 30, 2022 | 0.11% |
| Jun 30, 2022 | 0.11% |
| Mar 31, 2022 | -0.42% |
| Mar 31, 2022 | -0.42% |
| Mar 31, 2022 | -0.42% |
| Dec 31, 2021 | -0.19% |
| Dec 31, 2021 | -0.19% |