World Kinect (WKC) Change in Taxes (2010 - 2023)
World Kinect (WKC) posted Change in Taxes of -$3.6 million for Q4 2023, down 110.65% sequentially from $33.8 million in Q3 2023, and down 136.36% YoY from $9.9 million in Q4 2022.
World Kinect (WKC) Change in Taxes (2010 - 2023) Analysis & Trends
World Kinect has reported Change in Taxes for 14 years, with the latest figure at -$3.6 million in Q4 2023.
- Quarterly Change in Taxes fell 136.36% year-over-year to -$3.6 million in Q4 2023, while the trailing twelve-month figure through Dec 2023 was -$10.1 million (up 87.48% YoY) and the FY2023 annual result came in at -$10.1 million, up 87.48% from the prior year.
- Change in Taxes slipped to -$3.6 million in Q4 2023 per WKC's latest filing, from $33.8 million in the prior quarter.
- Over five years, Change in Taxes peaked at $146.0 million in Q2 2022 and troughed at -$323.2 million in Q3 2022.
- A 5-year average of -$4.2 million and a median of $3.8 million in 2020 frame the typical range for Change in Taxes.
- The sharpest annual moves came in 2021 and 2022: Change in Taxes plunged 1208.0% in 2021, then surged 4911.11% in 2022.
- Over 5 years, Change in Taxes stood at $93.0 million in 2019, then tumbled by 86.56% to $12.5 million in 2020, then slumped by 1208.0% to -$138.5 million in 2021, then soared by 107.15% to $9.9 million in 2022, then sank by 136.36% to -$3.6 million in 2023.
- According to Business Quant data, Change in Taxes over the past three periods registered -$3.6 million, $33.8 million, and -$1.5 million for Q4 2023, Q3 2023, and Q2 2023 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 97.05 Bn | 89.28 Bn | 9.27 Bn | - |
| 2 | Valero Energy | 95.18 Bn | 87.30 Bn | 5.47 Bn | - |
| 3 | Phillips 66 | 89.90 Bn | 85.80 Bn | 8.38 Bn | 591.00 Mn |
| 4 | HF Sinclair | 15.35 Bn | 13.09 Bn | 1.57 Bn | 136.00 Mn |
| 5 | Sunoco | 10.13 Bn | 9.36 Bn | 1.46 Bn | - |
| 6 | PBF Energy | 8.19 Bn | 7.29 Bn | 1.15 Bn | - |
| 7 | Cosan | 6.43 Bn | 1.32 Bn | 552.94 Mn | - |
| 8 | Ultrapar Holdings | 6.39 Bn | 4.67 Bn | 603.08 Mn | 1.90 Mn |
| 9 | Icahn Enterprises | 5.07 Bn | 3.10 Bn | 198.00 Mn | - |
| 10 | World Kinect | 1.89 Bn | 1.68 Bn | 365.10 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | -3.60 Mn |
| Dec 31, 2023 | -3.60 Mn |
| Sep 30, 2023 | 33.80 Mn |
| Sep 30, 2023 | 33.80 Mn |
| Jun 30, 2023 | -1.50 Mn |
| Jun 30, 2023 | -1.50 Mn |
| Mar 31, 2023 | -38.80 Mn |
| Mar 31, 2023 | -38.80 Mn |
| Dec 31, 2022 | 9.90 Mn |
| Dec 31, 2022 | 9.90 Mn |
| Sep 30, 2022 | -323.20 Mn |
| Sep 30, 2022 | -323.20 Mn |
| Jun 30, 2022 | 146.00 Mn |
| Jun 30, 2022 | 146.00 Mn |
| Mar 31, 2022 | 86.60 Mn |
| Mar 31, 2022 | 86.60 Mn |
| Dec 31, 2021 | -138.50 Mn |
| Dec 31, 2021 | -138.50 Mn |
| Sep 30, 2021 | 54.10 Mn |
| Sep 30, 2021 | 54.10 Mn |