Trinity Biotech (TRIB) Tax Rate (2009 - 2024)
Trinity Biotech (TRIB) posted quarterly Tax Rate of 3.7% for Q4 2024, up 376.0% year-on-year from 0.78% in Q1 2024, and up 607.24% on a QoQ basis from 0.73% in Q3 2024.
Trinity Biotech (TRIB) Tax Rate (2009 - 2024) Analysis & Trends
Trinity Biotech (TRIB) has reported Tax Rate for 16 consecutive years, with 3.7% the latest figure, recorded in Q4 2024.
- Quarterly Tax Rate rose 376.0% year-over-year to 3.7% in Q4 2024, while the trailing twelve-month figure through Dec 2024 was 1.58% (up 174.0% YoY) and the FY2025 annual result came in at 0.54%, up 105.0% from the prior year.
- Tax Rate improved to 3.7% in Q4 2024 per TRIB's latest filing, from 0.73% in the prior quarter.
- Over the last five years, Tax Rate for TRIB reached as high as 511.72% in Q2 2021 and fell as low as 48.97% in Q4 2021.
- A 5-year average of 21.58% and a median of 0.93% in 2024 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2020 — Tax Rate surged 559814 bps — and 2022, when it plunged 51203 bps.
- Year by year, Tax Rate stood at 5.11% in 2020, then slumped by 858 bps to 48.97% in 2021, then surged by 100 bps to 0.12% in 2022, then jumped by 56 bps to 0.05% in 2023, then surged by 6895 bps to 3.7% in 2024.
- According to Business Quant data, Tax Rate over the past three periods registered 3.7%, 0.73%, and 1.9% for Q4 2024, Q3 2024, and Q2 2024 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 201.40 Bn | 194.75 Bn | 6.27 Bn | 25.67% |
| 2 | Stryker | 122.29 Bn | 119.41 Bn | 3.81 Bn | 12.35% |
| 3 | Medtronic | 105.01 Bn | 96.40 Bn | 6.41 Bn | 31.35% |
| 4 | Boston Scientific | 64.81 Bn | 63.59 Bn | 3.61 Bn | -15.15% |
| 5 | Edwards Lifesciences | 55.28 Bn | 51.60 Bn | 1.29 Bn | 17.06% |
| 6 | Dexcom | 29.06 Bn | 27.94 Bn | 750.30 Mn | 25.97% |
| 7 | Koninklijke Philips | 29.02 Bn | 25.93 Bn | 2.07 Bn | -23.16% |
| 8 | GE HealthCare Technologies | 28.27 Bn | 26.20 Bn | 1.98 Bn | 18.61% |
| 9 | Smith & Nephew | 25.80 Bn | 25.22 Bn | - | - |
| 10 | Trinity Biotech | 93,750.00 | -5.04 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | 3.70% |
| Dec 31, 2024 | 3.70% |
| Dec 31, 2024 | 3.70% |
| Sep 30, 2024 | -0.73% |
| Sep 30, 2024 | -0.73% |
| Sep 30, 2024 | -0.73% |
| Jun 30, 2024 | -1.90% |
| Jun 30, 2024 | -1.90% |
| Jun 30, 2024 | -1.90% |
| Mar 31, 2024 | 2.06% |
| Mar 31, 2024 | 2.06% |
| Mar 31, 2024 | 2.06% |
| Dec 31, 2023 | -0.05% |
| Dec 31, 2023 | -0.05% |
| Dec 31, 2023 | -0.05% |
| Sep 30, 2023 | 3.42% |
| Sep 30, 2023 | 3.42% |
| Sep 30, 2023 | 3.42% |
| Jun 30, 2023 | -1.43% |
| Jun 30, 2023 | -1.43% |