Rekor Systems (REKR) Tax Rate (2016 - 2023)
Rekor Systems' (REKR) quarterly Tax Rate came in at 0.17% in Q4 2023, down 62.0% YoY from 0.44% in Q4 2022, and down 137.2% on a QoQ basis from 0.45% in Q4 2022.
Rekor Systems (REKR) Tax Rate (2016 - 2023) Analysis & Trends
Rekor Systems (REKR) has 8 years of Tax Rate data on file, last reported at 0.17% in Q4 2023.
- Quarterly Tax Rate fell 62.0% year-over-year to 0.17% in Q4 2023, while the trailing twelve-month figure through Dec 2023 was 0.04% (down 121.0% YoY) and the FY2025 annual result came in at 21.0%, up 2102.0% from the prior year.
- Tax Rate eased to 0.17% in Q4 2023, from 0.45% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 1.94% in Q3 2022 to a low of 1.67% in Q2 2020.
- A 5-year average of 0.18% and a median of 0.17% in 2023 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2020 — Tax Rate plunged 127 bps — and 2022, when it soared 197 bps.
- Tracing REKR's Tax Rate over 5 years: stood at 0.36% in 2019, then tumbled by 291 bps to 1.4% in 2020, then soared by 97 bps to 0.03% in 2021, then soared by 1394 bps to 0.45% in 2022, then sank by 137 bps to 0.17% in 2023.
- The last three Tax Rate figures came in at 0.17% (Q4 2023), 0.45% (Q4 2022), and 1.94% (Q3 2022), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 24.84% |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 1.42% |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | -10.34% |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | -13.46% |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 15.97% |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | -1.22% |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 18.14% |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | -10.99% |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 71.11% |
| 10 | Rekor Systems | 83.38 Mn | 73.34 Mn | 7.11 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | -0.17% |
| Dec 31, 2023 | -0.17% |
| Dec 31, 2023 | -0.17% |
| Dec 31, 2022 | 0.45% |
| Dec 31, 2022 | 0.45% |
| Dec 31, 2022 | 0.45% |
| Sep 30, 2022 | 1.94% |
| Sep 30, 2022 | 1.94% |
| Sep 30, 2022 | 1.94% |
| Dec 31, 2021 | -0.03% |
| Dec 31, 2021 | -0.03% |
| Dec 31, 2021 | -0.03% |
| Sep 30, 2021 | -0.03% |
| Sep 30, 2021 | -0.03% |
| Sep 30, 2021 | -0.03% |
| Jun 30, 2021 | -0.06% |
| Jun 30, 2021 | -0.06% |
| Jun 30, 2021 | -0.06% |
| Mar 31, 2021 | -0.06% |
| Mar 31, 2021 | -0.06% |