Greenland Mines (GRML) Tax Rate (2022 - 2024)
Greenland Mines' (GRML) quarterly Tax Rate came in at 7.3% in Q1 2024, down 2588.0% year-on-year from 0.29% in Q2 2023, and up 94.66% quarter-over-quarter from 136.81% in Q4 2023.
Greenland Mines (GRML) Tax Rate (2022 - 2024) Analysis & Trends
Greenland Mines has disclosed Tax Rate across 3 years of filings, most recently posting 7.3% for Q1 2024.
- Tax Rate for Q1 2024 came in at 7.3%, down 2588.0% year-over-year; the trailing twelve-month figure through Mar 2024 was 45.14% (changed N/A YoY), and the FY2023 annual result was 106.24%, down 12187.0% from the prior year.
- Tax Rate came in at 7.3% for Q1 2024 at Greenland Mines, up from 136.81% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 18.58% in Q1 2023 to a low of 136.81% in Q4 2023.
- The 3-year median for Tax Rate is 7.3% (2024), against an average of 38.25%.
- Across the five-year window, Tax Rate slumped 15385 bps in 2023 and tumbled 2588 bps in 2024, its largest moves.
- Greenland Mines' Tax Rate stood at 17.04% in 2022, then slumped by 903 bps to 136.81% in 2023, then soared by 95 bps to 7.3% in 2024.
- The last three Tax Rate figures came in at 7.3% (Q1 2024), 136.81% (Q4 2023), and 103.29% (Q3 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Triple Flag Precious Metals | 37.84 Bn | 37.77 Bn | 77.21 Mn | 10.25% |
| 2 | Buenaventura Mining | 10.77 Bn | 10.77 Bn | - | - |
| 3 | Hecla Mining | 9.72 Bn | 9.11 Bn | 253.26 Mn | 10.68% |
| 4 | Perpetua Resources | 2.83 Bn | 2.83 Bn | - | - |
| 5 | Versamet Royalties | 2.41 Bn | 2.40 Bn | - | - |
| 6 | Metalla Royalty & Streaming | 2.10 Bn | 2.09 Bn | 2.79 Mn | - |
| 7 | Sibanye Stillwater | 1.84 Bn | 838.91 Mn | - | - |
| 8 | Avino Silver & Gold Mines | 1.57 Bn | 1.43 Bn | - | -30.28% |
| 9 | Solaris Resources | 1.41 Bn | 1.39 Bn | - | - |
| 10 | Greenland Mines | 27.58 Mn | 17.58 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | -7.30% |
| Mar 31, 2024 | -7.30% |
| Dec 31, 2023 | -136.81% |
| Dec 31, 2023 | -136.81% |
| Sep 30, 2023 | -103.29% |
| Sep 30, 2023 | -103.29% |
| Jun 30, 2023 | -65.79% |
| Jun 30, 2023 | -65.79% |
| Mar 31, 2023 | 18.58% |
| Mar 31, 2023 | 18.58% |
| Dec 31, 2022 | 17.04% |
| Dec 31, 2022 | 17.04% |
| Sep 30, 2022 | 9.84% |
| Sep 30, 2022 | 9.84% |