Highway Holdings (HIHO) Tax Rate (2009 - 2023)
Highway Holdings (HIHO) reported Tax Rate of 2.67% for Q1 2023, up 241.0% year-over-year from 0.78% in Q1 2022, and down 95.37% quarter-over-quarter from 57.69% in Q4 2022.
Highway Holdings (HIHO) Tax Rate (2009 - 2023) Analysis & Trends
Highway Holdings (HIHO) has 14 years of Tax Rate data on file, last reported at 2.67% in Q1 2023.
- Tax Rate for Q1 2023 came in at 2.67%, up 241.0% year-over-year; the trailing twelve-month figure through Mar 2023 was 0.01% (changed 0.0% YoY), and the FY2025 annual result was 25.85%, up 1172.0% from the prior year.
- Tax Rate declined to 2.67% in Q1 2023 per HIHO's latest filing, from 57.69% in the prior quarter.
- Over five years, Tax Rate peaked at 235.29% in Q4 2020 and troughed at 18.81% in Q4 2019.
- A 5-year average of 45.09% and a median of 19.7% in 2023 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2020 and 2021: Tax Rate jumped 25410 bps in 2020, then plunged 19856 bps in 2021.
- A 5-year view of Tax Rate shows it stood at 18.81% in 2019, then jumped by 1351 bps to 235.29% in 2020, then plunged by 84 bps to 36.73% in 2021, then surged by 57 bps to 57.69% in 2022, then slumped by 95 bps to 2.67% in 2023.
- Business Quant data shows HIHO's Tax Rate at 2.67% in Q1 2023, 57.69% in Q4 2022, and 0.26% in Q1 2022.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Carpenter Technology | 29.34 Bn | 29.04 Bn | 251.80 Mn | 21.00 |
| 2 | Ati | 27.51 Bn | 27.23 Bn | 262.90 Mn | 11.79 |
| 3 | Mueller Industries | 14.99 Bn | 13.61 Bn | 358.44 Mn | 24.80 |
| 4 | Commercial Metals | 8.04 Bn | 7.54 Bn | 387.91 Mn | 15.23 |
| 5 | Esab | 6.48 Bn | 6.34 Bn | 257.79 Mn | 19.79 |
| 6 | Gpgi | 3.86 Bn | 3.85 Bn | - | -4.66 |
| 7 | Worthington Enterprises | 2.96 Bn | 2.95 Bn | 109.47 Mn | 24.94 |
| 8 | Proto Labs | 1.93 Bn | 1.79 Bn | 63.59 Mn | 28.28 |
| 9 | Ryerson Holding | 1.17 Bn | 1.15 Bn | 288.80 Mn | 62.12 |
| 10 | Highway Holdings | 70.97 | -5.15 Mn | 292.00 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2023 | 2.67% |
| Mar 31, 2023 | 2.67% |
| Dec 31, 2022 | 57.69% |
| Dec 31, 2022 | 57.69% |
| Mar 31, 2022 | 0.26% |
| Mar 31, 2022 | 0.26% |
| Dec 31, 2021 | 36.73% |
| Dec 31, 2021 | 36.73% |
| Mar 31, 2021 | 0.04% |
| Mar 31, 2021 | 0.04% |
| Dec 31, 2020 | 235.29% |
| Dec 31, 2020 | 235.29% |
| Mar 31, 2020 | 46.86% |
| Mar 31, 2020 | 46.86% |
| Dec 31, 2019 | -18.81% |
| Dec 31, 2019 | -18.81% |
| Mar 31, 2017 | -41.38% |
| Mar 31, 2017 | -41.38% |
| Mar 31, 2016 | -34.04% |
| Mar 31, 2016 | -34.04% |