SEATech Ventures (SEAV) Tax Rate (2019 - 2024)
SEATech Ventures (SEAV) reported Tax Rate of 51.66% for Q2 2024, down 3589.0% on a YoY basis from 1.48% in Q3 2023, and up 35.74% quarter-over-quarter from 38.06% in Q1 2024.
SEATech Ventures (SEAV) Tax Rate (2019 - 2024) Analysis & Trends
SEATech Ventures has reported Tax Rate for 6 years, with the latest figure at 51.66% in Q2 2024.
- For the quarter ending Q2 2024, Tax Rate fell 3589.0% year-over-year to 51.66%; the trailing twelve-month figure through Jun 2024 stood at 43.91% (down 2375.0% YoY), and the FY2023 full-year result was 49.72%, down 1271.0% from the prior year.
- Tax Rate for Q2 2024 stood at 51.66%, up from 38.06% in the prior quarter.
- The five-year high for Tax Rate was 181.22% in Q1 2023, with the low at 88.28% in Q2 2022.
- Historically, Tax Rate has averaged 43.42% across 5 years, with a median of 40.01% in 2023.
- Annual changes were most pronounced in 2021 — Tax Rate plunged 18571 bps — and 2023, when it jumped 17584 bps.
- SEATech Ventures' Tax Rate stood at 47.9% in 2020, then decreased by 28 bps to 34.6% in 2021, then soared by 166 bps to 92.19% in 2022, then slumped by 52 bps to 44.32% in 2023, then rose by 17 bps to 51.66% in 2024.
- The last three Tax Rate figures came in at 51.66% (Q2 2024), 38.06% (Q1 2024), and 44.32% (Q4 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 250,975,992.28 Bn | 250,975,991.00 Bn | 1.56 Bn | 21.23% |
| 2 | International Business Machines | 267.32 Bn | 252.39 Bn | 8.95 Bn | 12.40% |
| 3 | Wipro | 138.60 Bn | 137.44 Bn | 751.00 Mn | - |
| 4 | Accenture | 109.98 Bn | 101.66 Bn | 16.30 Bn | 24.31% |
| 5 | Cognizant Technology Solutions | 25.38 Bn | 23.86 Bn | 1.78 Bn | 23.99% |
| 6 | Fidelity National Information Services | 21.09 Bn | 20.34 Bn | 1.11 Bn | 40.93% |
| 7 | Broadridge Financial Solutions | 17.60 Bn | 17.30 Bn | 626.90 Mn | 18.88% |
| 8 | Cdw | 17.16 Bn | 16.58 Bn | 1.19 Bn | 26.21% |
| 9 | Leidos Holdings | 15.68 Bn | 15.27 Bn | 761.00 Mn | 21.91% |
| 10 | SEATech Ventures | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | 51.66% |
| Jun 30, 2024 | 51.66% |
| Mar 31, 2024 | 38.06% |
| Mar 31, 2024 | 38.06% |
| Dec 31, 2023 | 44.32% |
| Dec 31, 2023 | 44.32% |
| Sep 30, 2023 | 41.96% |
| Sep 30, 2023 | 41.96% |
| Jun 30, 2023 | 87.55% |
| Jun 30, 2023 | 87.55% |
| Mar 31, 2023 | 181.22% |
| Mar 31, 2023 | 181.22% |
| Dec 31, 2022 | 92.19% |
| Dec 31, 2022 | 92.19% |
| Sep 30, 2022 | 29.08% |
| Sep 30, 2022 | 29.08% |
| Jun 30, 2022 | -88.28% |
| Jun 30, 2022 | -88.28% |
| Mar 31, 2022 | 33.93% |
| Mar 31, 2022 | 33.93% |