Newfield Resources (ASX:NWF) Tax Rate %: 8.86% (As of Jun. 2024)

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What is Newfield Resources Tax Rate %?

Newfield Resources ASX:NWF Tax Rate % is 8.86% as of Jun. 2024.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Newfield Resources's Tax Expense for the six months ended in Jun. 2024 was A$-12.79 Mil. Newfield Resources's Pre-Tax Income for the six months ended in Jun. 2024 was A$-144.34 Mil. Therefore, Newfield Resources's Tax Rate % for the quarter that ended in Jun. 2024 was 8.86%.

Newfield Resources Tax Rate % Related Terms

Newfield Resources Tax Rate % Historical Data

* Premium members only.

The historical data trend for Newfield Resources'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.

Newfield Resources Tax Rate % Chart

Newfield Resources Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 8.56

Newfield Resources Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 0.00 0.00 0.00 0.00 8.86

Newfield Resources Tax Rate % Calculation

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

Newfield Resources's Tax Rate % for the fiscal year that ended in Jun. 2024 is calculated as

Tax Rate %=Tax Expense (A: Jun. 2024 )/Pre-Tax Income (A: Jun. 2024 )
=-12.788/-149.309
=8.56 %

Newfield Resources's Tax Rate % for the quarter that ended in Jun. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Jun. 2024 )/Pre-Tax Income (Q: Jun. 2024 )
=-12.788/-144.34
=8.86 %

* 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.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 8.86% mean?
Newfield Resources (ASX:NWF) has a Tax Rate % of 8.86% as of Jun. 2024.
Is Newfield Resources' Tax Rate % too high?
Newfield Resources' current Tax Rate % is 8.86%.
How does Newfield Resources' Tax Rate % compare to HL?
Newfield Resources' Tax Rate % of 8.86% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for a Metals & Mining company?
A good Tax Rate % depends on the Metals & Mining industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Newfield Resources's current Tax Rate % is 8.86%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Newfield Resources stock overvalued right now?
Newfield Resources (ASX:NWF) has a current Tax Rate % of 8.86%. The current Tax Rate % is 8.86%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Newfield Resources (ASX:NWF), the current Tax Rate % is 8.86% as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Newfield Resources Business Description

Address 4 Riseley Street, Suite 6, Applecross, Perth, WA, AUS, 6153
Newfield Resources Ltd is engaged in mine development and mineral exploration. The firm operates predominantly in the mineral exploration industry in Australia and Africa. The company's project profile includes The Tongo Diamond Project, Kumgbo Kimberlite Project. Its segments consist of Mining & Development Africa, Mineral Exploration Africa, and Corporate. Geographical segments of the company include Australia, Liberia, and Sierra Leone.