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Avid Bioservices (STU:TEHN) Tax Rate % : 14.91% (As of Jan. 2024)


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What is Avid Bioservices Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Avid Bioservices's Tax Expense for the three months ended in Jan. 2024 was €-1.0 Mil. Avid Bioservices's Pre-Tax Income for the three months ended in Jan. 2024 was €-6.5 Mil. Therefore, Avid Bioservices's Tax Rate % for the quarter that ended in Jan. 2024 was 14.91%.

Avid Bioservices Tax Rate % Historical Data

The historical data trend for Avid Bioservices's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Avid Bioservices Tax Rate % Chart

Avid Bioservices Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.32 - - -908.39 72.03

Avid Bioservices Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 109.82 103.54 22.29 20.05 14.91

Avid Bioservices Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Avid Bioservices's Tax Rate % for the fiscal year that ended in Apr. 2023 is calculated as

Tax Rate %=Tax Expense (A: Apr. 2023 )/Pre-Tax Income (A: Apr. 2023 )
=1.316/1.827
=72.03 %

Avid Bioservices's Tax Rate % for the quarter that ended in Jan. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Jan. 2024 )/Pre-Tax Income (Q: Jan. 2024 )
=-0.966/-6.479
=14.91 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Avid Bioservices Tax Rate % Related Terms

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Avid Bioservices (STU:TEHN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Avid Bioservices Inc (STU:TEHN) » Definitions » Tax Rate %
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Traded in Other Exchanges
CDMO:USA
Address
14191 Myford Road, Tustin, CA, USA, 92780
Website
https://www.avidbio.com
Avid Bioservices Inc is a clinical-stage biopharmaceutical company focused on the development and Current Good Manufacturing Practices (CGMP) of biopharmaceutical products derived from mammalian cell culture. The company provides a comprehensive range of process development and high-quality CGMP clinical and commercial manufacturing services for the biotechnology and biopharmaceutical industries.

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