Star Bulk Carriers (SBLK) Tax Rate (2017 - 2024)
Star Bulk Carriers' (SBLK) quarterly Tax Rate came in at 0.04% in Q3 2024, up 22.0% year-on-year from 0.04% in Q4 2023, and down 31.0% on a QoQ basis from 0.06% in Q2 2024.
Star Bulk Carriers (SBLK) Tax Rate (2017 - 2024) Analysis & Trends
Star Bulk Carriers (SBLK) has 6 years of Tax Rate data on file, last reported at 0.04% in Q3 2024.
- On a quarterly basis, Tax Rate rose 22.0% year-over-year to 0.04% in Q3 2024; TTM through Sep 2024 was 0.06%, a 23.0% increase from a year earlier, with the FY2024 full-year figure at 0.04%, down 14.0% from the prior year.
- Tax Rate for Q3 2024 stood at 0.04%, down from 0.06% in the prior quarter.
- Over the last five years, Tax Rate for SBLK reached as high as 0.14% in Q1 2024 and fell as low as 1.54% in Q1 2020.
- Historically, Tax Rate has averaged 0.19% across 4 years, with a median of 0.04% in 2020.
- Across the five-year window, Tax Rate dropped 23 bps in 2020 and soared 37 bps in 2024, its largest moves.
- Year by year, Tax Rate stood at 0.4% in 2020, then soared by 42 bps to 0.23% in 2022, then surged by 98 bps to 0.01% in 2023, then surged by 978 bps to 0.04% in 2024.
- Per Business Quant data, the three most recent Tax Rate figures were 0.04% in Q3 2024, 0.06% in Q2 2024, and 0.14% in Q1 2024.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | ZIM Integrated Shipping Services | 3,084,216.90 Bn | 3,084,215.99 Bn | 57.20 Mn | -12.12% |
| 2 | Danaos | 37,407.52 Bn | 37,406.64 Bn | 203.71 Mn | - |
| 3 | Sfl | 1,574.06 Bn | 1,573.91 Bn | 66.27 Mn | -2.36% |
| 4 | Capital Clean Energy Carriers | 37.96 Bn | 37.42 Bn | 95.52 Mn | - |
| 5 | Kirby | 9.76 Bn | 9.69 Bn | 291.34 Mn | 25.90% |
| 6 | Matson | 6.49 Bn | 6.39 Bn | - | 16.64% |
| 7 | C3is | 5.03 Bn | 5.03 Bn | 10.51 Mn | - |
| 8 | Hafnia | 3.79 Bn | 3.79 Bn | 152.41 Mn | -2.13% |
| 9 | Intercont (Cayman) | 3.29 Bn | 3.29 Bn | - | - |
| 10 | Star Bulk Carriers | 3.08 Bn | 2.59 Bn | 493.84 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | 0.04% |
| Sep 30, 2024 | 0.04% |
| Sep 30, 2024 | 0.04% |
| Jun 30, 2024 | 0.06% |
| Jun 30, 2024 | 0.06% |
| Jun 30, 2024 | 0.06% |
| Mar 31, 2024 | 0.14% |
| Mar 31, 2024 | 0.14% |
| Mar 31, 2024 | 0.14% |
| Dec 31, 2023 | -0.01% |
| Dec 31, 2023 | -0.01% |
| Dec 31, 2023 | -0.01% |
| Sep 30, 2023 | -0.18% |
| Sep 30, 2023 | -0.18% |
| Sep 30, 2023 | -0.18% |
| Mar 31, 2023 | -0.22% |
| Mar 31, 2023 | -0.22% |
| Mar 31, 2023 | -0.22% |
| Dec 31, 2022 | -0.23% |
| Dec 31, 2022 | -0.23% |