Velocys (LSE:VLS) Tax Rate % : 5.94% (As of Jun. 2023)

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What is Velocys Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Velocys's Tax Expense for the six months ended in Jun. 2023 was £-0.58 Mil. Velocys's Pre-Tax Income for the six months ended in Jun. 2023 was £-9.82 Mil. Therefore, Velocys's Tax Rate % for the quarter that ended in Jun. 2023 was 5.94%.

Velocys Tax Rate % Historical Data

The historical data trend for Velocys'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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Velocys Tax Rate % Chart

Velocys Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Tax Rate %

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1.03

2.94

8.43

11.05

5.41

Velocys Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Tax Rate %	Get a 7-Day Free Trial															17.82	8.98	10.08	2.17	5.94

Velocys Tax Rate % Calculation

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

Velocys's Tax Rate % for the fiscal year that ended in Dec. 2022 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2022 )	/	Pre-Tax Income (A: Dec. 2022 )
	=	-0.755	/	-13.954
	=	5.41 %

Velocys's Tax Rate % for the quarter that ended in Jun. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Jun. 2023 )	/	Pre-Tax Income (Q: Jun. 2023 )
	=	-0.583	/	-9.815
	=	5.94 %

Velocys Tax Rate % Related Terms

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Velocys (LSE:VLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Velocys PLC (LSE:VLS) » Definitions » Tax Rate %

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OXFCF:USA VLS.GB:UK O7N:Germany

Address

Robert Robinson Avenue, Magdalen Centre, The Oxford Science Park, Oxford, GBR, OX4 4GA

Website

https://www.velocys.com

Velocys PLC is a UK-based company that is engaged in design, development, marketing, and sale of technology to produce synthetic fuels and specialty products. Its technology is specifically designed for smaller scale gas-to-liquids (GTL) and biomass-to-liquids (BTL). The company's technology turns natural gas or biomass into premium products, such as diesel, jet fuel, waxes, and base oils. The business has a single operating segment: the synthetic fuels segment. Geographically, it derives a majority of revenue from the Americas and has a presence in Europe and the Asia Pacific.

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