Advantage Energy (Advantage Energy) Tax Rate % : 28.33% (As of Dec. 2023)

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What is Advantage Energy Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Advantage Energy's Tax Expense for the three months ended in Dec. 2023 was $12.0 Mil. Advantage Energy's Pre-Tax Income for the three months ended in Dec. 2023 was $42.4 Mil. Therefore, Advantage Energy's Tax Rate % for the quarter that ended in Dec. 2023 was 28.33%.

Advantage Energy Tax Rate % Historical Data

The historical data trend for Advantage Energy'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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Advantage Energy Tax Rate % Chart

Advantage Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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44.64

22.67

22.74

23.74

26.22

Advantage Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Tax Rate %	Get a 7-Day Free Trial															23.89	27.73	-477.78	26.54	28.33

Advantage Energy Tax Rate % Calculation

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

Advantage Energy's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	26.562	/	101.303
	=	26.22 %

Advantage Energy's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	12.018	/	42.427
	=	28.33 %

Advantage Energy Tax Rate % Related Terms

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Advantage Energy (Advantage Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Advantage Energy Ltd (OTCPK:AAVVF) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

9SA0:Germany AAV:Canada

Address

440 - 2nd Avenue SW, Suite 2200, Calgary, AB, CAN, T2P 5E9

Website

https://www.advantageog.com

Advantage Energy Ltd is a Canadian energy company primarily engaged in the extraction of natural gas and liquid resources. The company holds over 145,000 net acres of liquids-rich lands throughout Canada. Advantage Energy Ltd focuses on creating low-cost, low-emission Canadian energy for the world. The company sells crude and medium crude oil as well as conventional natural gas and liquid natural gas. Advantage Energy Ltd plans to grow by utilizing areas with high rate of return targets due to the presence of existing infrastructure capability.

Advantage Energy (Advantage Energy) Headlines

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