Velan (FRA:946) Tax Rate % : 169.68% (As of Feb. 2024)

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What is Velan Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Velan's Tax Expense for the three months ended in Feb. 2024 was €4.7 Mil. Velan's Pre-Tax Income for the three months ended in Feb. 2024 was €2.8 Mil. Therefore, Velan's Tax Rate % for the quarter that ended in Feb. 2024 was 169.68%.

Velan Tax Rate % Historical Data

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

Velan Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Tax Rate %

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-106.02

-59.81

128.35

-16.97

-60.59

Velan Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Tax Rate %	Get a 7-Day Free Trial															-9.51	-8.52	-92.58	-10.79	169.68

Velan Tax Rate % Calculation

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

Velan's Tax Rate % for the fiscal year that ended in Feb. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Feb. 2024 )	/	Pre-Tax Income (A: Feb. 2024 )
	=	6.926	/	-11.431
	=	-60.59 %

Velan's Tax Rate % for the quarter that ended in Feb. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Feb. 2024 )	/	Pre-Tax Income (Q: Feb. 2024 )
	=	4.717	/	2.78
	=	169.68 %

Velan Tax Rate % Related Terms

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Velan (FRA:946) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Velan Inc (FRA:946) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

VLNSF:USA VLN:Canada

Address

7007 Cote de Liesse, Montreal, QC, CAN, H4T 1G2

Website

https://www.velan.com

Velan Inc is an international manufacturer of industrial valves. It offers products such as Gate valves, check valves, cryogenic, steam traps, and others, which are used in various industries including power generation, oil, and gas, refining and petrochemicals, chemical, liquid natural gas (LNG) and cryogenics, pulp and paper, geothermal processes and shipbuilding. The company operates in various geographical regions: Canada, the United States, France, Italy, and Other countries.

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