Toro (TORO) Tax Rate (2022 - 2024)
Toro's (TORO) quarterly Tax Rate came in at 2.36% in Q3 2024, up 234.0% year-over-year from 0.71% in Q4 2023, and up 2427.78% quarter-over-quarter from 0.1% in Q1 2024.
Powered by 
Analysis
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.
- In Q3 2024, Tax Rate rose 234.0% year-over-year to 2.36%; the TTM figure through Sep 2024 stood at 0.06% (down 285.0% YoY), while the FY2023 annual figure 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.
- Average Tax Rate over 3 years is 1.64%, with a median of 0.14% recorded in 2024.
- The largest YoY upside for Tax Rate was 1009 bps in 2023 against a maximum downside of 96 bps in 2023.
- Over 3 years, Tax Rate stood at 0.87% in 2022, then tumbled by 110 bps to 0.09% in 2023, then jumped by 2721 bps to 2.36% in 2024.
- Per Business Quant data, the three most recent Tax Rate figures were 2.36% in Q3 2024, 0.1% in Q1 2024, and 0.09% in Q4 2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.27 Bn | 9.94 Bn | - | -0.08% |
| 2 | Kirby | 7.43 Bn | 7.39 Bn | 290.80 Mn | 24.16% |
| 3 | Matson | 6.74 Bn | 6.62 Bn | - | 21.05% |
| 4 | International Seaways | 5.17 Bn | 5.17 Bn | 467.16 Mn | 0.00% |
| 5 | Hafnia | 4.59 Bn | 4.31 Bn | 372.91 Mn | -0.51% |
| 6 | Cmb.Tech | 4.47 Bn | 4.31 Bn | 970.62 Mn | -0.27% |
| 7 | Scorpio Tankers | 4.26 Bn | 2.42 Bn | 343.91 Mn | - |
| 8 | Star Bulk Carriers | 3.68 Bn | 3.11 Bn | 299.80 Mn | - |
| 9 | Torm | 3.56 Bn | -626.52 Mn | 652.00 Mn | -0.24% |
| 10 | Toro | 113.76 Mn | 113.76 Mn | 3.63 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2024 | 2.36% |
| Mar 31, 2024 | -0.10% |
| Dec 31, 2023 | -0.09% |
| Sep 30, 2023 | 0.02% |
| Jun 30, 2023 | -0.18% |
| Mar 31, 2023 | -0.87% |
| Dec 31, 2022 | 0.87% |
| Sep 30, 2022 | -1.71% |
| Jun 30, 2022 | -5.71% |
| Mar 31, 2022 | -10.96% |