Genoil (Genoil) Tax Rate % : 0.00% (As of Mar. 2024)

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What is Genoil Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Genoil's Tax Expense for the three months ended in Mar. 2024 was $0.00 Mil. Genoil's Pre-Tax Income for the three months ended in Mar. 2024 was $-0.14 Mil. Therefore, Genoil's Tax Rate % for the quarter that ended in Mar. 2024 was 0.00%.

Genoil Tax Rate % Historical Data

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

Genoil Annual Data

Trend

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Tax Rate %

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Genoil Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															-	-	-	-	-

Genoil Tax Rate % Calculation

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

Genoil'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	/	-4.326
	=	0.00 %

Genoil'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	/	-0.144
	=	0.00 %

Genoil Tax Rate % Related Terms

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Genoil (Genoil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Genoil Inc (OTCPK:GNOLF) » Definitions » Tax Rate %

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Traded in Other Exchanges

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Address

One Rockefeller Center, 11th Floor, New York, NY, USA, 10020

Website

https://www.genoil.ca

Genoil Inc is a technology development company related to the oil and gas industry. It is a provider of hydro conversion fixed bed technology for upstream and downstream oil and gas industry. The company's business activities are majorly directed to the development and commercialization of its upgrader technology, which is designed to economically convert heavy crude oil into light synthetic crude. In addition, it owns rights to several patented and proprietary technologies. It derives revenue from engineering and consulting, licensing fee / royalties and profit share. The company's geographical presence in Middle East, Russia and China.