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IMCC (IM Cannabis) Tax Rate % : 3.73% (As of Dec. 2024)


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What is IM Cannabis Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. IM Cannabis's Tax Expense for the three months ended in Dec. 2024 was $-0.03 Mil. IM Cannabis's Pre-Tax Income for the three months ended in Dec. 2024 was $-0.88 Mil. Therefore, IM Cannabis's Tax Rate % for the quarter that ended in Dec. 2024 was 3.73%.

IM Cannabis Tax Rate % Historical Data

The historical data trend for IM Cannabis'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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IM Cannabis Tax Rate % Chart

IM Cannabis Annual Data
Trend Apr14 Apr16 Apr17 Apr18 Apr19 Dec20 Dec21 Dec22 Dec23 Dec24
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.92 -305.47 4.37 -8.16 8.00

IM Cannabis Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 -30.42 1.81 19.53 2.32 3.73

IM Cannabis Tax Rate % Calculation

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

IM Cannabis's Tax Rate % for the fiscal year that ended in Dec. 2024 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2024 )/Pre-Tax Income (A: Dec. 2024 )
=-0.718/-8.98
=8.00 %

IM Cannabis's Tax Rate % for the quarter that ended in Dec. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2024 )/Pre-Tax Income (Q: Dec. 2024 )
=-0.033/-0.884
=3.73 %

* 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.

IM Cannabis Tax Rate % Related Terms

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IM Cannabis Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » IM Cannabis Corp (NAS:IMCC) » Definitions » Tax Rate %
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Traded in Other Exchanges
IMCC:Canada
Address
Central District, Kibbutz Glil Yam, ISR, 4690500
Website
https://www.imcannabis.com
IM Cannabis Corp is a Canada-based international medical cannabis company. It operates in the field of medical cannabis, through Focus Medical Herbs Ltd. (Focus), which holds a cultivation license to breed, grow, and supply medical cannabis products The majority of its revenues are generated from sales of medical cannabis products to customers in Israel. The remaining revenues are generated from sales of medical cannabis, as well as other products, to customers in Germany. Geographically, the majority is from Israel.