Silicom (SILC) Tax Rate (2009 - 2023)
Silicom (SILC) posted Tax Rate of 13.13% for Q3 2023, up 0.90 percentage points from 12.23% a year earlier but down 1.73 percentage points from the prior quarter.
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Analysis
Silicom (SILC) Tax Rate (2009 - 2023) Analysis & Trends
For the trailing twelve months through Sep 30, 2023, Tax Rate at Silicom was 19.98%, up 5.49 percentage points year-over-year; for FY2022, it was 18.24%, down 0.08 percentage points from FY2021.
- Annual Tax Rate shows a five-year change of +3.12 percentage points (FY2017 to FY2022).
- In prior years, Silicom's Tax Rate was 18.32% in FY2021 (-3.06 pp), 21.38% in FY2020 (+7.70 pp), 13.69% in FY2019 (-3.03 pp) and 16.71% in FY2018 (+1.59 pp).
- Quarterly Tax Rate has run from a low of 8.44% in Q4 2020 to a high of 25.06% in Q4 2022 over five years.
- On a year-over-year basis, Tax Rate increased in five of the last eight quarters, with an average year-over-year change of +0.18 percentage points.
- The strongest year-over-year quarter for Tax Rate in the past five years was Q1 2020, with a gain of 12.53 percentage points; the weakest was Q2 2022, with a drop of 10.12 percentage points.
- According to Business Quant data, Tax Rate for the three prior quarters was 14.85% (Q2 2023), 18.69% (Q1 2023) and 25.06% (Q4 2022).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,064.64 Bn | 4,810.10 Bn | 54.82 Bn | 15.01% |
| 2 | Cisco Systems | 387.30 Bn | 323.23 Bn | 11.06 Bn | 21.77% |
| 3 | Arista Networks | 233.88 Bn | 183.08 Bn | 2.33 Bn | 18.54% |
| 4 | Dell Technologies | 213.96 Bn | 169.72 Bn | 9.83 Bn | 19.45% |
| 5 | Sony | 164.26 Bn | 101.68 Bn | 7.96 Bn | 26.69% |
| 6 | Sandisk | 123.84 Bn | 108.67 Bn | 9.38 Bn | 13.07% |
| 7 | Seagate Technology Holdings | 115.23 Bn | 110.07 Bn | 2.43 Bn | 11.15% |
| 8 | Western Digital | 108.25 Bn | 98.08 Bn | 2.53 Bn | 12.71% |
| 9 | Hewlett Packard Enterprise | 63.71 Bn | 41.65 Bn | 4.93 Bn | 12.60% |
| 10 | Silicom | 169.42 Mn | 6.84 Mn | 8.02 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2023 | 13.13% |
| Jun 30, 2023 | 14.85% |
| Mar 31, 2023 | 18.69% |
| Dec 31, 2022 | 25.06% |
| Sep 30, 2022 | 12.23% |
| Jun 30, 2022 | 14.54% |
| Mar 31, 2022 | 21.64% |
| Dec 31, 2021 | 13.27% |
| Sep 30, 2021 | 20.59% |
| Jun 30, 2021 | 24.67% |
| Mar 31, 2021 | 16.56% |
| Dec 31, 2020 | 8.44% |
| Sep 30, 2020 | 24.49% |
| Jun 30, 2020 | 23.11% |
| Mar 31, 2020 | 21.60% |
| Dec 31, 2019 | 15.13% |
| Sep 30, 2019 | 17.68% |
| Jun 30, 2019 | 15.60% |
| Mar 31, 2019 | 9.07% |
| Dec 31, 2018 | 12.63% |
API Access
Silicom Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=SILC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "SILC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=SILC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();