Greenland Mines (GRMLW) Tax Rate (2022 - 2024)
Greenland Mines (GRMLW) posted Tax Rate of 7.3% for Q1 2024, up 94.66% sequentially from 136.81% in Q4 2023, and down 2588.0% YoY from 0.29% in Q2 2023.
Greenland Mines (GRMLW) Tax Rate (2022 - 2024) Analysis & Trends
Greenland Mines has reported Tax Rate for 3 years, with the latest figure at 7.3% in Q1 2024.
- Quarterly Tax Rate fell 2588.0% year-over-year to 7.3% in Q1 2024, while the trailing twelve-month figure through Mar 2024 was 45.14% (changed N/A YoY) and the FY2025 annual result came in at 20.98%, up 1.0% from the prior year.
- Tax Rate grew to 7.3% in Q1 2024 per GRMLW's latest filing, from 136.81% in the prior quarter.
- Over five years, Tax Rate peaked at 25.28% in Q4 2022 and troughed at 136.81% in Q4 2023.
- A 3-year average of 37.07% and a median of 7.3% in 2024 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2023 and 2024: Tax Rate slumped 16209 bps in 2023, then tumbled 2588 bps in 2024.
- Over 3 years, Tax Rate stood at 25.28% in 2022, then plunged by 641 bps to 136.81% in 2023, then surged by 95 bps to 7.3% in 2024.
- According to Business Quant data, Tax Rate over the past three periods registered 7.3%, 136.81%, and 103.29% for Q1 2024, Q4 2023, and Q3 2023 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Hecla Mining | 13.93 Bn | 13.44 Bn | 332.52 Mn | 13.73% |
| 2 | Buenaventura Mining | 8.96 Bn | 7.95 Bn | - | - |
| 3 | Triple Flag Precious Metals | 6.96 Bn | 6.95 Bn | 88.25 Mn | 0.69% |
| 4 | Perpetua Resources | 3.21 Bn | 3.21 Bn | - | - |
| 5 | Solaris Resources | 1.49 Bn | 1.44 Bn | - | - |
| 6 | Elemental Royalty | 1.43 Bn | 1.36 Bn | 15.71 Mn | -73.92% |
| 7 | McEwen | 1.26 Bn | 1.16 Bn | 20.08 Mn | -65.91% |
| 8 | Versamet Royalties | 1.14 Bn | 1.14 Bn | 13.99 Mn | -30.03% |
| 9 | Metalla Royalty & Streaming | 1.04 Bn | 1.03 Bn | 4.75 Mn | -38.50% |
| 10 | Greenland Mines | 17.40 Mn | 8.05 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | -7.30% |
| Mar 31, 2024 | -7.30% |
| Mar 31, 2024 | -7.30% |
| Dec 31, 2023 | -136.81% |
| Dec 31, 2023 | -136.81% |
| Dec 31, 2023 | -136.81% |
| Sep 30, 2023 | -103.29% |
| Sep 30, 2023 | -103.29% |
| Sep 30, 2023 | -103.29% |
| Jun 30, 2023 | -65.79% |
| Jun 30, 2023 | -65.79% |
| Jun 30, 2023 | -65.79% |
| Mar 31, 2023 | 18.58% |
| Mar 31, 2023 | 18.58% |
| Mar 31, 2023 | 18.58% |
| Dec 31, 2022 | 25.28% |
| Dec 31, 2022 | 25.28% |
| Dec 31, 2022 | 25.28% |
| Sep 30, 2022 | 9.84% |
| Sep 30, 2022 | 9.84% |