Toro (TORO) Tax Rate (2022 - 2024)
Toro's (TORO) quarterly Tax Rate came in at 2.36% in Q3 2024, up 234.0% year-on-year from 0.71% in Q4 2023, and up 2427.78% quarter-over-quarter from 0.1% in Q1 2024.
Toro (TORO) Tax Rate (2022 - 2024) Analysis & Trends
Toro has disclosed Tax Rate across 3 years of filings, most recently posting 2.36% for Q3 2024.
- Tax Rate for Q3 2024 came in at 2.36%, up 234.0% year-over-year; the trailing twelve-month figure through Sep 2024 was 0.06% (down 285.0% YoY), and the FY2023 annual result was 0.42%, changed N/A from the prior year.
- Tax Rate came in at 2.36% for Q3 2024 at Toro, up from 0.1% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 2.36% in Q3 2024 to a low of 10.96% in Q1 2022.
- The 3-year median for Tax Rate is 0.14% (2024), against an average of 1.64%.
- Peak annual rise in Tax Rate reached 1009 bps in 2023, while the deepest fall reached 96 bps in 2023.
- Toro's Tax Rate stood at 0.87% in 2022, then sank by 110 bps to 0.09% in 2023, then jumped by 2721 bps to 2.36% in 2024.
- The last three Tax Rate figures came in at 2.36% (Q3 2024), 0.1% (Q1 2024), and 0.09% (Q4 2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 24.82% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 1.45% |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 22.28% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 6.40% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 0.11% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 20.27% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 24.00% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 10.04% |
| 10 | Toro | 121.47 Mn | 121.47 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | 2.36% |
| Sep 30, 2024 | 2.36% |
| Mar 31, 2024 | -0.10% |
| Mar 31, 2024 | -0.10% |
| Dec 31, 2023 | -0.09% |
| Dec 31, 2023 | -0.09% |
| Sep 30, 2023 | 0.02% |
| Sep 30, 2023 | 0.02% |
| Jun 30, 2023 | -0.18% |
| Jun 30, 2023 | -0.18% |
| Mar 31, 2023 | -0.87% |
| Mar 31, 2023 | -0.87% |
| Dec 31, 2022 | 0.87% |
| Dec 31, 2022 | 0.87% |
| Sep 30, 2022 | -1.71% |
| Sep 30, 2022 | -1.71% |
| Jun 30, 2022 | -5.71% |
| Jun 30, 2022 | -5.71% |
| Mar 31, 2022 | -10.96% |
| Mar 31, 2022 | -10.96% |