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Fortune Valley Treasures Inc   (FVTI)
Other Ticker:  
 
    Sector  Retail    Industry Specialty Retail
   Industry Specialty Retail
   Sector  Retail


Fortune Valley Treasures Inc 's Effective Tax Rate by quarter

Trends, Rankings, Statistics



FVTI Effective Tax Rate (Sep 30 2022)
III. Quarter
(Jun 30 2022)
II. Quarter
(Mar 31 2022)
I. Quarter
(Dec 31 2021)
IV. Quarter
(Sep 30 2021)
III. Quarter
Y / Y Pre-Tax Income Change 68.09 % 57.37 % -50.65 % - -
Seq. Pre-Tax Income Change 17.07 % 338.83 % -69.53 % 7.37 % 9.6 %
Pre-Tax Income In Millions $1.02 $0.87 $0.20 $0.65 $0.61
Effective Tax Rate 10.63 % 9.36 % 11.3 % -10.78 % 25.8 %
Effective Tax Rate Total Ranking # 343 # 430 # 297 # # 1671
Income taxes expenses / -benefit In Millions $0.11 $0.08 $0.02 $-0.07 $0.16
Y / Y Income taxes expenses / -benefit Change -30.72 % -15.33 % -66.23 % - 4479.85 %
Seq. Income taxes expenses / -benefit Change 32.93 % 263.79 % - - 62.47 %


Commenting Third Quarter 2022 Effective Tax Rate
Company's effective tax rate in III. Quarter increased compare to previous quarter to 10.63 %, below company's average Effective Tax Rate.

Looking into III. Quarter results within Specialty Retail industry 4 other companies have achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has impoved so far to 343, from total ranking in previous quarter at 430.

FVTI's Effective Tax Rate third quarter 2022 Company Ranking
Within: No.
Specialty Retail Industry # 5
Retail Sector # 12
Overall # 343

FVTI's Effective Tax Rate Statistics
High Average Low
25.8 % 15.17 % 9.36 %
(Sep 30 2021)   (Jun 30 2022)




Other Effective Tax Rate Profitability Ratios
FVTI's Cumulative Effective Tax Rate
Specialty Retail Industry Effective Tax Rate Trends and Statistics
Retail Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
FVTI's Effective Tax Rate Profitability versus Specialty Retail Industry, Retail Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for FVTI's Competitors
Effective Tax Rate Profit Margin for Fortune Valley Treasures Inc 's Suppliers
Effective Tax Rate Profit Margin for FVTI's Customers

You may also want to know
FVTI's Annual Growth Rates FVTI's Profitability Ratios FVTI's Asset Turnover Ratio FVTI's Dividend Growth
FVTI's Roe FVTI's Valuation Ratios FVTI's Financial Strength Ratios FVTI's Income taxes expenses / -benefit Growth
FVTI's Roa FVTI's Inventory Turnover Ratio FVTI's Growth Rates FVTI's Dividend Comparisons


Companies with similar Effective Tax Rate in the quarter ending Sep 30 2022, within Specialty Retail Industry Effective Tax RateSep 30 2022 MRQ Income taxes expenses / -benefitSep 30 2022 MRQ Pre-Tax Income
Rh  26.43 %$ 36.162 $ 136.844 
Sportsman s Warehouse Holdings Inc   25.62 %$ 4.436 $ 17.313 
Dick s Sporting Goods inc   24.89 %$ 75.703 $ 304.159 
The Odp Corporation  24.72 %$ 22.000 $ 89.000 
Haverty Furniture Companies Inc  24.71 %$ 8.058 $ 32.609 
Build a bear Workshop Inc  24.61 %$ 2.433 $ 9.888 
Titan Machinery Inc   24.55 %$ 13.421 $ 54.678 
Ulta Beauty Inc   24.30 %$ 88.120 $ 362.705 
Hibbett Inc   24.19 %$ 8.161 $ 33.734 
Winmark Corporation  23.89 %$ 3.254 $ 13.622 
Academy Sports And Outdoors Inc   22.46 %$ 38.156 $ 169.897 
A mark Precious Metals Inc   22.02 %$ 12.771 $ 58.008 
Firstcash Holdings Inc   21.33 %$ 16.079 $ 75.395 
Arhaus Inc   20.57 %$ 9.568 $ 46.504 
Petco Health And Wellness Company Inc   19.39 %$ 4.161 $ 21.454 
Takung Art Co Ltd  17.54 %$ 0.191 $ 1.087 
Signet Jewelers Limited  10.93 %$ 4.600 $ 42.100 
Fortune Valley Treasures Inc   10.63 %$ 0.108 $ 1.019 
Virco Mfg Corporation  3.89 %$ 0.319 $ 8.194 
Brilliant Earth Group Inc   3.05 %$ 0.180 $ 5.899 


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