Titan Environmental Solutions Inc. (TESI) Tax Rate (2019 - 2022)
Titan Environmental Solutions (TESI) posted Tax Rate of 1.58% for Q2 2022, down 91.84% sequentially from 0.82% in Q1 2022, and up 32.0% YoY from 1.19% in Q2 2021.
Titan Environmental Solutions Inc. (TESI) Tax Rate (2019 - 2022) Analysis & Trends
Titan Environmental Solutions has reported Tax Rate for 4 years, with the latest figure at 1.58% in Q2 2022.
- Quarterly Tax Rate rose 32.0% year-over-year to 1.58% in Q2 2022, while the trailing twelve-month figure through Sep 2022 was 0.45% (up 114.0% YoY) and the FY2021 annual result came in at 1.54%, down 141.0% from the prior year.
- Tax Rate fell to 1.58% in Q2 2022 per TESI's latest filing, from 0.82% in the prior quarter.
- Over five years, Tax Rate peaked at 4.47% in Q2 2019 and troughed at 2.94% in Q1 2021.
- A 4-year average of 0.4% and a median of 0.58% in 2019 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2020 and 2022: Tax Rate plunged 447 bps in 2020, then soared 212 bps in 2022.
- Over 4 years, Tax Rate stood at 4.47% in 2019, then plunged by 89 bps to 0.47% in 2020, then plunged by 213 bps to 0.54% in 2021, then slumped by 195 bps to 1.58% in 2022.
- According to Business Quant data, Tax Rate over the past three periods registered 1.58%, 0.82%, and 0.54% for Q2 2022, Q1 2022, and Q4 2021 respectively.
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Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2022 | -1.58% |
| Jun 30, 2022 | -1.58% |
| Jun 30, 2022 | -1.58% |
| Mar 31, 2022 | -0.82% |
| Mar 31, 2022 | -0.82% |
| Mar 31, 2022 | -0.82% |
| Dec 31, 2021 | -0.54% |
| Dec 31, 2021 | -0.54% |
| Dec 31, 2021 | -0.54% |
| Sep 30, 2021 | -0.25% |
| Sep 30, 2021 | -0.25% |
| Sep 30, 2021 | -0.25% |
| Jun 30, 2021 | -1.90% |
| Jun 30, 2021 | -1.90% |
| Jun 30, 2021 | -1.90% |
| Mar 31, 2021 | -2.94% |
| Mar 31, 2021 | -2.94% |
| Mar 31, 2021 | -2.94% |
| Dec 31, 2020 | 0.47% |
| Dec 31, 2020 | 0.47% |