Sincerity Applied Materials Holdings Corp. (SINC) Tax Rate (2016 - 2022)

Sincerity Applied Materials Holdings has reported Tax Rate for 7 years, with the latest figure at 9.63% in Q2 2022.

• For the quarter ending Q2 2022, Tax Rate rose 7806.0% year-over-year to 9.63%; the trailing twelve-month figure through Jun 2022 stood at 16.11% (down 1964.0% YoY), and the FY2021 full-year result was 18.65%, down 1161.0% from the prior year.
• Tax Rate for Q2 2022 stood at 9.63%, down from 39.18% in the prior quarter.
• The five-year high for Tax Rate was 43.32% in Q4 2021, with the low at 230.95% in Q2 2019.
• Historically, Tax Rate has averaged 8.01% across 5 years, with a median of 17.11% in 2020.
• Annual changes were most pronounced in 2018 — Tax Rate slumped 27747 bps — and 2020, when it surged 26350 bps.
• Sincerity Applied Materials Holdings' Tax Rate stood at 139.68% in 2018, then jumped by 100 bps to 0.17% in 2019, then surged by 15028 bps to 26.0% in 2020, then surged by 67 bps to 43.32% in 2021, then slumped by 78 bps to 9.63% in 2022.
• The last three Tax Rate figures came in at 9.63% (Q2 2022), 39.18% (Q1 2022), and 43.32% (Q4 2021), per Business Quant data.