INLB (Item 9 Labs) Tax Rate %: 0.02% (As of Jun. 2023)


INLB Item 9 Labs Corp INLB
12 GF Score
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What is Item 9 Labs Tax Rate %?

Item 9 Labs INLB -99.00% 12 Tax Rate % is 0.02% as of Jun. 2023. GuruFocus rates INLB with a GF Score™ of 12/100.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Item 9 Labs's Tax Expense for the three months ended in Jun. 2023 was $-0.00 Mil. Item 9 Labs's Pre-Tax Income for the three months ended in Jun. 2023 was $-5.92 Mil. Therefore, Item 9 Labs's Tax Rate % for the quarter that ended in Jun. 2023 was 0.02%.

Item 9 Labs Tax Rate % Related Terms

Item 9 Labs Tax Rate % Historical Data

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The historical data trend for Item 9 Labs'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.

Item 9 Labs Tax Rate % Chart

Item 9 Labs Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.69 0.00 -0.04

Item 9 Labs Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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 -0.09 -0.03 -0.12 -0.12 0.02
INLB
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Item 9 Labs Corp INLB
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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Item 9 Labs Tax Rate % Calculation

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

Item 9 Labs's Tax Rate % for the fiscal year that ended in Sep. 2022 is calculated as

Tax Rate %=Tax Expense (A: Sep. 2022 )/Pre-Tax Income (A: Sep. 2022 )
=0.013/-31.166
=-0.04 %

Item 9 Labs's Tax Rate % for the quarter that ended in Jun. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Jun. 2023 )/Pre-Tax Income (Q: Jun. 2023 )
=-0.001/-5.917
=0.02 %

* 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 0.02% mean?
Item 9 Labs (INLB) has a Tax Rate % of 0.02% as of Jun. 2023.
Is Item 9 Labs' Tax Rate % too high?
Item 9 Labs' current Tax Rate % is 0.02%. Overall, Item 9 Labs has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Item 9 Labs' Tax Rate % compare to NEPT and CENBF?
Item 9 Labs' Tax Rate % of 0.02% can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good Tax Rate % depends on the Drug Manufacturers 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. Item 9 Labs's current Tax Rate % is 0.02%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Item 9 Labs stock overvalued right now?
Item 9 Labs (INLB) has a current Tax Rate % of 0.02%. The current Tax Rate % is 0.02%. Item 9 Labs' overall GF Score™ is 12/100. 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 Item 9 Labs (INLB), the current Tax Rate % is 0.02% as of Jun. 2023. 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.

Item 9 Labs Business Description

Address 2111 E. Highland Avenue, Suite B375, Phoenix, AZ, USA, 85016
Item 9 Labs Corp is a vertically integrated cannabis operator and dispensary franchisor delivering premium products from its large-scale cultivation and production facilities in the United States. The Item 9 Labs brand specializes in products and user experience across several cannabis categories. The company also offers a dispensary franchise model through the national Unity Rd. retail brand. Easing barriers to entry, the franchise provides an opportunity for both new and existing dispensary owners to leverage the knowledge, resources, and ongoing support needed to thrive in their state compliantly and successfully. It also brings industry practices to markets nationwide through distinctive retail experience, cultivation capabilities, and product innovation.
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Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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