GIGAQ (Giga-Tronics) Tax Rate %: 1.06% (As of Mar. 2024)

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What is Giga-Tronics Tax Rate %?

Giga-Tronics GIGAQ -99.00% Tax Rate % is 1.06% as of Mar. 2024.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Giga-Tronics's Tax Expense for the three months ended in Mar. 2024 was $-0.05 Mil. Giga-Tronics's Pre-Tax Income for the three months ended in Mar. 2024 was $-4.61 Mil. Therefore, Giga-Tronics's Tax Rate % for the quarter that ended in Mar. 2024 was 1.06%.

Giga-Tronics Tax Rate % Related Terms

Giga-Tronics Tax Rate % Historical Data

* Premium members only.

The historical data trend for Giga-Tronics'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.

Giga-Tronics Tax Rate % Chart

Giga-Tronics Annual Data
Trend Dec21 Dec22 Dec23
Tax Rate %
-7.23 0.66 -1.62

Giga-Tronics Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.28 0.31 -12.61 -0.60 1.06

Giga-Tronics Tax Rate % Calculation

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

Giga-Tronics's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=0.244/-15.031
=-1.62 %

Giga-Tronics's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2024 )/Pre-Tax Income (Q: Mar. 2024 )
=-0.049/-4.605
=1.06 %

* 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 1.06% mean?
Giga-Tronics (GIGAQ) has a Tax Rate % of 1.06% as of Mar. 2024.
Is Giga-Tronics' Tax Rate % too high?
Giga-Tronics' current Tax Rate % is 1.06%.
How does Giga-Tronics' Tax Rate % compare to AWIN and GRMN?
Giga-Tronics' Tax Rate % of 1.06% can be compared against companies in the Hardware 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 Hardware company?
A good Tax Rate % depends on the Hardware 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. Giga-Tronics's current Tax Rate % is 1.06%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Giga-Tronics stock overvalued right now?
Giga-Tronics (GIGAQ) has a current Tax Rate % of 1.06%. The current Tax Rate % is 1.06%. 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 Giga-Tronics (GIGAQ), the current Tax Rate % is 1.06% as of Mar. 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.

Giga-Tronics Business Description

Address 7272 E. Indian School Road, Suite 540, Scottsdale, AZ, USA, 85251
Giga-Tronics Inc designs, manufactures, and distributes purpose-built electronics equipment, automated test solutions, power electronics, supply and distribution solutions, as well as radio, microwave and millimeter wave communication systems and components for a variety of applications with a focus on the global defense industry and the healthcare market. . The company operates in three segments namely Precision Electronic Solutions; Power Electronics and Display and RF Solutions. It generates maximum revenue from the Precision Electronic Solutions segment.