Company / Income Tax
GULF RESOURCES, INC. Income Tax History
FY2015-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Income Tax
$3.5M
FY2024
5-year range
-$1.1M / $6.6M
FY2020-FY2024
Trend
-46.3%
vs FY2023
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Income Tax has fluctuated over the past 10 years, ranging from -$13M in FY2019 to $12M in FY2017.
Based on SEC 10-K filings.
$4M in FY2024.
Improved from $6M to $4M over the past 2 years.
Income Tax over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Key checks
Key Insights
- In FY2024, income tax decreased 46.3% year-over-year.
- Peak income tax was recorded in FY2017.
- Lowest income tax in the period was in FY2019.
Company context
Key Data Points
- Low Piotroski F-Score: 1/9 (multiple financial health concerns)
- Altman Z-Score -2.45 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Income TaxValue | YoY GrowthYoY |
|---|---|---|
| FY2024 | $3.5M | -46.3% |
| FY2023 | $6.6M | +4.6% |
| FY2022 | $6.3M | +668.2% |
| FY2021 | -$1.1M | -139.5% |
| FY2020 | $2.8M | +121.4% |
| FY2019 | -$13.1M | -462.5% |
| FY2018 | $3.6M | -69.4% |
| FY2017 | $11.8M | +3.9% |
| FY2016 | $11.4M | +82.7% |
| FY2015 | $6.2M | -18.2% |
As of FY2024 · SEC 10-K · Updated Jun 24, 2026