Newegg Commerce (NEGG) Tax Rate (2010 - 2022)
Newegg Commerce (NEGG) posted Tax Rate of 221.5% for Q4 2022, down 955.15% sequentially from 25.9% in Q3 2022, and down 1976.0% YoY from 11.81% in Q4 2021.
Newegg Commerce (NEGG) Tax Rate (2010 - 2022) Analysis & Trends
Newegg Commerce has reported Tax Rate for 6 years, with the latest figure at 221.5% in Q4 2022.
- Quarterly Tax Rate fell 1976.0% year-over-year to 221.5% in Q4 2022, while the trailing twelve-month figure through Dec 2022 was 156.51% (down 16732.0% YoY) and the FY2024 annual result came in at 4.49%, up 14.0% from the prior year.
- Tax Rate slipped to 221.5% in Q4 2022 per NEGG's latest filing, from 25.9% in the prior quarter.
- Over five years, Tax Rate peaked at 25.9% in Q3 2022 and troughed at 221.5% in Q4 2022.
- A 3-year average of 72.66% and a median of 20.71% in 2020 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2021 and 2022: Tax Rate tumbled 16412 bps in 2021, then jumped 2310 bps in 2022.
- Over 3 years, Tax Rate stood at 37.61% in 2020, then sank by 436 bps to 201.73% in 2021, then dropped by 10 bps to 221.5% in 2022.
- According to Business Quant data, Tax Rate over the past three periods registered 221.5%, 25.9%, and 201.73% for Q4 2022, Q3 2022, and Q4 2021 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,933.58 Bn | 2,810.60 Bn | 198.88 Bn | 23.03% |
| 2 | PDD Holdings | 507.43 Bn | 447.89 Bn | 9.83 Bn | -26.74% |
| 3 | Mercadolibre | 97.88 Bn | 82.68 Bn | 4.16 Bn | 23.10% |
| 4 | DoorDash | 93.00 Bn | 87.66 Bn | 2.35 Bn | 3.86% |
| 5 | JD.com | 87.39 Bn | 58.21 Bn | 7.66 Bn | -17.80% |
| 6 | Sea | 77.97 Bn | 69.45 Bn | 3.15 Bn | -32.68% |
| 7 | Ebay | 47.63 Bn | 44.32 Bn | 2.30 Bn | 16.99% |
| 8 | Coupang | 29.79 Bn | 23.68 Bn | 2.49 Bn | -6.94% |
| 9 | Zkh | 16.19 Bn | 16.19 Bn | 51.11 Mn | 5.40% |
| 10 | Newegg Commerce | 378,947.76 | -108.27 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2022 | -221.50% |
| Dec 31, 2022 | -221.50% |
| Dec 31, 2022 | -221.50% |
| Sep 30, 2022 | 25.90% |
| Sep 30, 2022 | 25.90% |
| Sep 30, 2022 | 25.90% |
| Dec 31, 2021 | -201.73% |
| Dec 31, 2021 | -201.73% |
| Dec 31, 2021 | -201.73% |
| Sep 30, 2021 | 2.81% |
| Sep 30, 2021 | 2.81% |
| Sep 30, 2021 | 2.81% |
| Dec 31, 2020 | -37.61% |
| Dec 31, 2020 | -37.61% |
| Dec 31, 2020 | -37.61% |
| Sep 30, 2020 | -3.81% |
| Sep 30, 2020 | -3.81% |
| Sep 30, 2020 | -3.81% |
| Dec 31, 2012 | 37.27% |
| Dec 31, 2012 | 37.27% |