MP Materials (MP) Current Taxes (2021 - 2023)
MP Materials' (MP) quarterly Current Taxes came in at $21.2 million in Q1 2023, up 303.37% YoY from $5.2 million in Q1 2022, and little changed on a QoQ basis from $21.2 million in Q4 2022.
MP Materials (MP) Current Taxes (2021 - 2023) Analysis & Trends
MP Materials (MP) has 3 years of Current Taxes data on file, last reported at $21.2 million in Q1 2023.
- Quarterly Current Taxes rose 303.37% year-over-year to $21.2 million in Q1 2023, while the trailing twelve-month figure through Mar 2023 was $21.2 million (up 303.37% YoY) and the FY2022 annual result came in at $21.2 million, up 511.12% from the prior year.
- Current Taxes held at $21.2 million in Q1 2023, from $21.2 million in the prior quarter.
- In the past five years, Current Taxes ranged from a high of $21.2 million in Q4 2022 to a low of $3.5 million in Q4 2021.
- A 3-year average of $11.8 million and a median of $8.1 million in 2021 frame the typical range for Current Taxes.
- Annual changes were most pronounced in 2022 — Current Taxes soared 511.12% — and 2023, when it soared 303.37%.
- Tracing MP's Current Taxes over 3 years: stood at $3.5 million in 2021, then soared by 511.12% to $21.2 million in 2022, then decreased by 0.01% to $21.2 million in 2023.
- The last three Current Taxes figures came in at $21.2 million (Q1 2023), $21.2 million (Q4 2022), and $5.2 million (Q1 2022), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Bhp | 238.03 Bn | 208.58 Bn | - | 1.05 Bn |
| 2 | Rio Tinto | 201.39 Bn | 191.89 Bn | - | 701.00 Mn |
| 3 | Teck Resources | 32.48 Bn | 27.27 Bn | 1.21 Bn | 147.48 Mn |
| 4 | MP Materials | 9.79 Bn | 7.32 Bn | 36.20 Mn | - |
| 5 | Almonty Industries | 5.05 Bn | 4.16 Bn | 18.87 Mn | - |
| 6 | Materion | 4.85 Bn | 4.83 Bn | 104.34 Mn | 3.35 Mn |
| 7 | Skeena Resources | 4.31 Bn | 3.89 Bn | - | - |
| 8 | USA Rare Earth | 3.94 Bn | 3.94 Bn | -1.58 Mn | - |
| 9 | Evolution Metals & Technologies | 2.06 Bn | 2.06 Bn | -115,000.00 | - |
| 10 | Nexa Resources | 1.86 Bn | 1.47 Bn | 257.20 Mn | 97.05 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2023 | 21.16 Mn |
| Dec 31, 2022 | 21.16 Mn |
| Mar 31, 2022 | 5.25 Mn |
| Dec 31, 2021 | 3.46 Mn |
| Sep 30, 2021 | 8.10 Mn |