Recon Technology (RCON) Tax Rate (2010 - 2018)
Recon Technology (RCON) reported Tax Rate of 0.03% for Q2 2018, up 27.0% on a YoY basis from 0.02% in Q2 2017, and down 86.94% sequentially from 0.02% in Q1 2018.
Recon Technology (RCON) Tax Rate (2010 - 2018) Analysis & Trends
Recon Technology (RCON) has 9 years of Tax Rate data on file, last reported at 0.03% in Q2 2018.
- For the quarter ending Q2 2018, Tax Rate rose 27.0% year-over-year to 0.03%; the trailing twelve-month figure through Jun 2018 stood at 0.04% (up 95.0% YoY), and the FY2025 full-year result was 0.01%, down 2501.0% from the prior year.
- Tax Rate eased to 0.03% in Q2 2018, from 0.02% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 25.27% in Q4 2015 to a low of 17.2% in Q1 2016.
- A 5-year average of 2.57% and a median of 0.01% in 2016 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate plunged 5085 bps in 2014 and surged 2042 bps in 2015, its largest moves.
- Tracing RCON's Tax Rate over 5 years: stood at 9.7% in 2014, then soared by 161 bps to 25.27% in 2015, then slumped by 99 bps to 0.37% in 2016, then tumbled by 137 bps to 0.14% in 2017, then jumped by 78 bps to 0.03% in 2018.
- Business Quant data shows RCON's Tax Rate at 0.03% in Q2 2018, 0.02% in Q1 2018, and 0.14% in Q3 2017.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 78.08 Bn | 74.69 Bn | 5.38 Bn | 20.40 |
| 2 | Tenaris | 58.18 Bn | 46.31 Bn | 1.05 Bn | - |
| 3 | TechnipFMC | 30.64 Bn | 29.36 Bn | 1.64 Bn | 26.95 |
| 4 | Halliburton | 27.87 Bn | 25.86 Bn | 2.04 Bn | 18.45 |
| 5 | Nov | 7.48 Bn | 6.14 Bn | 379.00 Mn | 42.86 |
| 6 | Weatherford International | 6.35 Bn | 5.21 Bn | 776.00 Mn | 44.00 |
| 7 | Archrock | 6.34 Bn | 6.34 Bn | 247.42 Mn | 23.96 |
| 8 | Oceaneering International | 5.28 Bn | 4.67 Bn | 127.27 Mn | 34.15 |
| 9 | Kodiak Gas Services | 5.09 Bn | 4.99 Bn | 222.88 Mn | 13.39 |
| 10 | Recon Technology | 4.22 Mn | -8.27 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2018 | -0.03 |
| Jun 30, 2018 | -0.03 |
| Jun 30, 2018 | -0.03 |
| Mar 31, 2018 | -0.02 |
| Mar 31, 2018 | -0.02 |
| Mar 31, 2018 | -0.02 |
| Sep 30, 2017 | -0.14 |
| Sep 30, 2017 | -0.14 |
| Sep 30, 2017 | -0.14 |
| Jun 30, 2017 | -0.30 |
| Jun 30, 2017 | -0.30 |
| Jun 30, 2017 | -0.30 |
| Mar 31, 2017 | -4.07 |
| Mar 31, 2017 | -4.07 |
| Mar 31, 2017 | -4.07 |
| Sep 30, 2016 | 0.37 |
| Sep 30, 2016 | 0.37 |
| Sep 30, 2016 | 0.37 |
| Jun 30, 2016 | -0.01 |
| Jun 30, 2016 | -0.01 |