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GSK plc, together with its subsidiaries, engages in the research, development, and manufacture of vaccines, and specialty and general medicines to prevent and treat disease in the United Kingdom, the ...
The following section summarizes insights on GSK plc DRC's Income Tax Expense CAGR (5y):
We've identified the following companies as similar to GSK plc DRC because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.
To view the full list of supported financial metrics please see Complete Metrics Listing.
Metrics similar to Income Tax Expense CAGR (5y) in the growth category include:
Five-year compound annual growth rate in provision for taxes.
Income Tax Expense CAGR (5y) measures the five-year compound annual growth rate in Income Tax Expense.
Compound annual growth rate (CAGR) is a commonly used business and investing term that measures the growth of a metric over multiple periods. CAGRs are useful since they reduce the effect of volatility in specific periods, unlike arithmetic means.
You can find the calculation details for GSK’s Income Tax Expense CAGR outlined below. The calculation starts by listing values for Income Tax Expense for the last six fiscal years that are required to calculate CAGR:
| Fiscal Year | Income Tax Expense | YoY Growth |
|---|---|---|
| 2019-12-31T00:00:00.000Z | 953 M | |
| 2020-12-31T00:00:00.000Z | 67 M | −93.0% |
| 2021-12-31T00:00:00.000Z | 83 M | 23.9% |
| 2022-12-31T00:00:00.000Z | 707 M | 751.8% |
| 2023-12-31T00:00:00.000Z | 756 M | 6.9% |
| 2024-12-31T00:00:00.000Z | 526 M | −30.4% |
Using the values for Income Tax Expense listed in the table above, we can calculate three-year Income Tax Expense CAGR as follows:
Number of years = 5
Multiplier = £526 M / £953 M = 0.55
5 Year CAGR = 0.55 ^ (1/5) - 1 = −11.2%
Growth calculations are always made in the company’s reporting currency to ensure currency fluctuations do not impact the calculation. GSK’s reports in the GBP currency. You can read more about Income Tax Expense here and compound annual growth rate on Wikipedia. You may also find variants three-year Income Tax Expense CAGR, and seven-year Income Tax Expense CAGR useful.
The chart above depicts the distribution of income tax expense cagr (5y) for companies operating in the Healthcare sector in the Developed economic region. Over 680 companies were considered in this analysis, and 660 had meaningful values. The average income tax expense cagr (5y) of companies in the sector is 16.0% with a standard deviation of 33.3%.
GSK plc DRC's Income Tax Expense CAGR (5y) of -11.2% ranks in the 15.0% percentile for the sector. The following table provides additional summary stats:
| Economic Risk Region | Developed |
| Total Constituents | 688 |
| Included Constituents | 660 |
| Min | -44.1% |
| Max | 152.2% |
| Median | 8.2% |
| Mean | 16.0% |
| Standard Deviation | 33.3% |
You can find companies with similar income tax expense cagr (5y) using this stock screener.