Canoo (GOEV) Tax Rate %: 0.00% (As of Sep. 2024)

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GOEV Canoo Inc GOEV
23 GF Score
Price $0.37
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What is Canoo Tax Rate %?

Canoo GOEV 23 Tax Rate % is 0.00% as of Sep. 2024. GuruFocus rates GOEV with a GF Score™ of 23/100.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Canoo's Tax Expense for the three months ended in Sep. 2024 was $0.00 Mil. Canoo's Pre-Tax Income for the three months ended in Sep. 2024 was $3.26 Mil. Therefore, Canoo's Tax Rate % for the quarter that ended in Sep. 2024 was 0.00%.

Canoo Tax Rate % Related Terms

Canoo Tax Rate % Historical Data

* Premium members only.

The historical data trend for Canoo'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.

Canoo Tax Rate % Chart

Canoo Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
0.00 0.00 0.00 0.00 0.00

Canoo Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.00 0.00 0.00 0.00 0.00
GOEV
23GF Score
Canoo Inc GOEV
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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Canoo Tax Rate % Calculation

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

Canoo'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/-302.021
=0.00 %

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

Tax Rate %=Tax Expense (Q: Sep. 2024 )/Pre-Tax Income (Q: Sep. 2024 )
=0/3.258
=0.00 %

* 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 0.00% mean?
Canoo (GOEV) has a Tax Rate % of 0.00% as of Sep. 2024.
Is Canoo's Tax Rate % too high?
Canoo's current Tax Rate % is 0.00%. Overall, Canoo has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Canoo's Tax Rate % compare to DMN and EVTV?
Canoo's Tax Rate % of 0.00% can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Tax Rate % depends on the Vehicles & Parts 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. Canoo's current Tax Rate % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canoo stock overvalued right now?
Canoo (GOEV) has a current Tax Rate % of 0.00%. The current Tax Rate % is 0.00%. Canoo's overall GF Score™ is 23/100. 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 Canoo (GOEV), the current Tax Rate % is 0.00% as of Sep. 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.

Canoo Business Description

Address 19951 Mariner Avenue, Torrance, CA, USA, 90503
Canoo Inc is a mobility technology company providing with a proprietary modular electric vehicle platform and connected services initially focused on commercial fleet, government and military customers. The Company has developed a breakthrough EV platform that it believes will enable it to rapidly iterate and bring new products, addressing multiple use cases, to market faster than competition and at lower cost.
23GF Score

Get the complete analysis for GOEV

Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.37
Price