cbdMD (YCBD) Tax Rate (2016 - 2021)
cbdMD (YCBD) reported Tax Rate of 24.24% for Q3 2021, down 4651.0% on a YoY basis from 0.53% in Q3 2020, and down 486.01% sequentially from 6.28% in Q2 2021.
cbdMD (YCBD) Tax Rate (2016 - 2021) Analysis & Trends
cbdMD (YCBD) has 6 years of Tax Rate data on file, last reported at 24.24% in Q3 2021.
- For the quarter ending Q3 2021, Tax Rate fell 4651.0% year-over-year to 24.24%; the trailing twelve-month figure through Jun 2022 stood at 1.31% (down 527.0% YoY), and the FY2020 full-year result was 10.63%, changed N/A from the prior year.
- Tax Rate fell to 24.24% in Q3 2021, from 6.28% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 22.27% in Q3 2020 to a low of 227.35% in Q3 2017.
- A 5-year average of 12.24% and a median of 3.26% in 2019 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate jumped 22756 bps in 2018 and plunged 4651 bps in 2021, its largest moves.
- Tracing YCBD's Tax Rate over 5 years: stood at 2.16% in 2017, then soared by 484 bps to 12.62% in 2018, then tumbled by 265 bps to 20.88% in 2019, then jumped by 84 bps to 3.41% in 2020, then slumped by 610 bps to 24.24% in 2021.
- Business Quant data shows YCBD's Tax Rate at 24.24% in Q3 2021, 6.28% in Q2 2021, and 4.11% in Q1 2021.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Haleon | 88.07 Bn | 86.20 Bn | - | - |
| 2 | Teva Pharmaceutical Industries | 35.75 Bn | 32.01 Bn | 1.97 Bn | 15.33 |
| 3 | Zoetis | 31.84 Bn | 29.90 Bn | 1.62 Bn | 20.71 |
| 4 | Takeda Pharmaceutical | 27.18 Bn | 23.12 Bn | 4.39 Bn | -23.33 |
| 5 | United Therapeutics | 23.09 Bn | 20.93 Bn | 648.10 Mn | 13.63 |
| 6 | RedHill Biopharma | 21.32 Bn | 21.32 Bn | - | - |
| 7 | Viatris | 19.96 Bn | 18.16 Bn | 1.16 Bn | 171.33 |
| 8 | Neurocrine Biosciences | 17.66 Bn | 16.34 Bn | 800.70 Mn | 19.81 |
| 9 | Elanco Animal Health | 12.44 Bn | 12.02 Bn | 785.00 Mn | 34.48 |
| 10 | cbdMD | 4.82 Mn | 1.43 Mn | 3.00 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2021 | -24.24 |
| Sep 30, 2021 | -24.24 |
| Sep 30, 2021 | -24.24 |
| Jun 30, 2021 | 6.28 |
| Jun 30, 2021 | 6.28 |
| Jun 30, 2021 | 6.28 |
| Mar 31, 2021 | 4.11 |
| Mar 31, 2021 | 4.11 |
| Mar 31, 2021 | 4.11 |
| Dec 31, 2020 | -3.41 |
| Dec 31, 2020 | -3.41 |
| Dec 31, 2020 | -3.41 |
| Sep 30, 2020 | 22.27 |
| Sep 30, 2020 | 22.27 |
| Sep 30, 2020 | 22.27 |
| Dec 31, 2019 | -20.88 |
| Dec 31, 2019 | -20.88 |
| Dec 31, 2019 | -20.88 |
| Sep 30, 2019 | 16.07 |
| Sep 30, 2019 | 16.07 |