FAASF (DigiAsia) Tax Rate %: -67.88% (As of Jun. 2024)

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What is DigiAsia Tax Rate %?

DigiAsia FAASF -40.21% Tax Rate % is -67.88% as of Jun. 2024.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. DigiAsia's Tax Expense for the six months ended in Jun. 2024 was $0.60 Mil. DigiAsia's Pre-Tax Income for the six months ended in Jun. 2024 was $-0.88 Mil. Therefore, DigiAsia's Tax Rate % for the quarter that ended in Jun. 2024 was -67.88%.

DigiAsia Tax Rate % Related Terms

DigiAsia Tax Rate % Historical Data

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The historical data trend for DigiAsia'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.

DigiAsia Tax Rate % Chart

DigiAsia Annual Data
Trend Dec21 Dec22
Tax Rate %
0.00 0.00

DigiAsia Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Jun24
Tax Rate % 0.00 0.00 0.00 0.00 -67.88

DigiAsia Tax Rate % Calculation

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

DigiAsia'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/-7.912
=0.00 %

DigiAsia'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 )
=0.598/-0.881
=-67.88 %

* 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 -67.88% mean?
DigiAsia (FAASF) has a Tax Rate % of -67.88% as of Jun. 2024.
Is DigiAsia's Tax Rate % too high?
DigiAsia's current Tax Rate % is -67.88%.
How does DigiAsia's Tax Rate % compare to DTSS and BNAI?
DigiAsia's Tax Rate % of -67.88% can be compared against companies in the Software 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 Software company?
A good Tax Rate % depends on the Software 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. DigiAsia's current Tax Rate % is -67.88%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DigiAsia stock overvalued right now?
DigiAsia (FAASF) has a current Tax Rate % of -67.88%. The current Tax Rate % is -67.88%. 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 DigiAsia (FAASF), the current Tax Rate % is -67.88% 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.

DigiAsia Business Description

Address One Raffles Place, No. 28-02, Singapore, SGP, 048616
DigiAsia Corp operates as a holding company. The majority of DigiAsia's operations are currently conducted through its majority-owned entities, controlled entities and corporate joint venture. It is among the first embedded fintech as a service (EFaaS) companies in Indonesia serving business-to-business-to-consumer (B2B2C) customers, such as large corporations and state-owned enterprises, as well as business-to-business (B2B) customers, such as micro, small and medium-sized enterprise (MSME) merchants, across various segments. It aims to be a fintech-enabling platform in Southeast Asia by accelerating financial inclusion through its licenses and technology stack and combining the benefits of technological innovation with traditional financial services.