cbdMD (YCBD) Tax Rate (2018 - 2021)
cbdMD's Tax Rate came in at 4.12% for fiscal Q4 2021 (quarter ended Sep 30, 2021), down 10.18 percentage points from 14.30% a year earlier and down 2.16 percentage points from the prior quarter.
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Analysis
cbdMD (YCBD) Tax Rate (2018 - 2021) Analysis & Trends
For FY2021 (ended Sep 30, 2021), cbdMD's Tax Rate was 3.68%, down 6.95 percentage points from FY2020.
- Tax Rate carries a five-year change of +3.88 percentage points (FY2016 to FY2021).
- Going back by fiscal year, Tax Rate was 10.63% in FY2020 (+5.70 pp), 4.94% in FY2019 and -1.34% in FY2017 (-1.14 pp).
- The five-year range for quarterly Tax Rate is -21.96% (fiscal Q2 2017) to 14.30% (fiscal Q4 2020).
- Year-over-year, Tax Rate increased in two of the last four quarters, with an average year-over-year change of -2.87 percentage points.
- The fastest year-over-year change in Tax Rate over five years came in fiscal Q2 2018 (a gain of 20.54 percentage points), and the weakest in fiscal Q1 2020 (a drop of 33.50 percentage points).
- Business Quant data shows YCBD's Tax Rate at 6.28% (Q3 2021), 4.11% (Q2 2021) and -3.41% (Q1 2021) in the three fiscal quarters before Q4 2021.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 313.55 Bn | 293.19 Bn | 7.66 Bn | 22.25% |
| 2 | British American Tobacco p.l.c | 128.08 Bn | 104.45 Bn | - | - |
| 3 | Altria | 123.78 Bn | 109.94 Bn | 3.82 Bn | 21.54% |
| 4 | RLX Technology | 2.10 Bn | -1.67 Bn | 52.74 Mn | - |
| 5 | Curaleaf Holdings | 2.04 Bn | 1.65 Bn | 169.91 Mn | - |
| 6 | Trulieve Cannabis | 1.98 Bn | 596.14 Mn | 162.29 Mn | - |
| 7 | Green Thumb Industries | 1.37 Bn | 215.43 Mn | 137.87 Mn | 78.51% |
| 8 | Turning Point Brands | 1.23 Bn | 335.27 Mn | 93.70 Mn | 26.34% |
| 9 | Cronos | 1.21 Bn | -2.06 Bn | 28.45 Mn | 0.14% |
| 10 | cbdMD | 3.69 Mn | -5.13 Mn | 3.04 Mn | - |
API Access
cbdMD Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=YCBD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "YCBD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=YCBD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();