EVLO (Evelo Biosciences) Tax Rate %: 0.14% (As of Sep. 2023)


What is Evelo Biosciences Tax Rate %?

Evelo Biosciences EVLO Tax Rate % is 0.14% as of Sep. 2023.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Evelo Biosciences's Tax Expense for the three months ended in Sep. 2023 was $-0.02 Mil. Evelo Biosciences's Pre-Tax Income for the three months ended in Sep. 2023 was $-12.38 Mil. Therefore, Evelo Biosciences's Tax Rate % for the quarter that ended in Sep. 2023 was 0.14%.

Evelo Biosciences Tax Rate % Related Terms

Evelo Biosciences Tax Rate % Historical Data

* Premium members only.

The historical data trend for Evelo Biosciences'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.

Evelo Biosciences Tax Rate % Chart

Evelo Biosciences Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Tax Rate %
Get a 7-Day Free Trial 0.00 -0.22 -0.44 -0.35 -0.82

Evelo Biosciences Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 -0.35 -2.37 -0.58 -1.12 0.14

Evelo Biosciences Tax Rate % Calculation

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

Evelo Biosciences'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 )
=0.93/-113.597
=-0.82 %

Evelo Biosciences's Tax Rate % for the quarter that ended in Sep. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2023 )/Pre-Tax Income (Q: Sep. 2023 )
=-0.017/-12.381
=0.14 %

* 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 0.14% mean?
Evelo Biosciences (EVLO) has a Tax Rate % of 0.14% as of Sep. 2023.
Is Evelo Biosciences' Tax Rate % too high?
Evelo Biosciences' current Tax Rate % is 0.14%.
How does Evelo Biosciences' Tax Rate % compare to IMNN and EDSA?
Evelo Biosciences' Tax Rate % of 0.14% can be compared against companies in the Biotechnology 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 Biotechnology company?
A good Tax Rate % depends on the Biotechnology 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. Evelo Biosciences's current Tax Rate % is 0.14%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Evelo Biosciences stock overvalued right now?
Evelo Biosciences (EVLO) has a current Tax Rate % of 0.14%. The current Tax Rate % is 0.14%. 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 Evelo Biosciences (EVLO), the current Tax Rate % is 0.14% as of Sep. 2023. 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.

Evelo Biosciences Business Description

Address 620 Memorial Drive, Cambridge, MA, USA, 02139
Evelo Biosciences Inc is a clinical-stage biotechnology company focused on discovering and developing a new class of oral medicines that act on immune cells in the small intestine with systemic effects. The company is developing EDP1815 as a treatment in psoriasis and atopic dermatitis and EDP2939 in psoriasis.