Sable Exploration And Mining (JSE:SXM) Tax Rate %: -9.62% (As of Aug. 2024)

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What is Sable Exploration And Mining Tax Rate %?

Sable Exploration And Mining JSE:SXM Tax Rate % is -9.62% as of Aug. 2024.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Sable Exploration And Mining's Tax Expense for the six months ended in Aug. 2024 was R0.44 Mil. Sable Exploration And Mining's Pre-Tax Income for the six months ended in Aug. 2024 was R-4.58 Mil. Therefore, Sable Exploration And Mining's Tax Rate % for the quarter that ended in Aug. 2024 was -9.62%.

Sable Exploration And Mining Tax Rate % Related Terms

Sable Exploration And Mining Tax Rate % Historical Data

* Premium members only.

The historical data trend for Sable Exploration And Mining'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.

Sable Exploration And Mining Tax Rate % Chart

Sable Exploration And Mining Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 -0.39 0.00 0.00 0.00

Sable Exploration And Mining Semi-Annual Data
Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24
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 -9.62

Sable Exploration And Mining Tax Rate % Calculation

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

Sable Exploration And Mining's Tax Rate % for the fiscal year that ended in Feb. 2024 is calculated as

Tax Rate %=Tax Expense (A: Feb. 2024 )/Pre-Tax Income (A: Feb. 2024 )
=0/-11.193
=0.00 %

Sable Exploration And Mining's Tax Rate % for the quarter that ended in Aug. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Aug. 2024 )/Pre-Tax Income (Q: Aug. 2024 )
=0.441/-4.583
=-9.62 %

* 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 -9.62% mean?
Sable Exploration And Mining (JSE:SXM) has a Tax Rate % of -9.62% as of Aug. 2024.
Is Sable Exploration And Mining's Tax Rate % too high?
Sable Exploration And Mining's current Tax Rate % is -9.62%.
How does Sable Exploration And Mining's Tax Rate % compare to HL?
Sable Exploration And Mining's Tax Rate % of -9.62% can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Tax Rate % depends on the Metals & Mining 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. Sable Exploration And Mining's current Tax Rate % is -9.62%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sable Exploration And Mining stock overvalued right now?
Sable Exploration And Mining (JSE:SXM) has a current Tax Rate % of -9.62%. The current Tax Rate % is -9.62%. 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 Sable Exploration And Mining (JSE:SXM), the current Tax Rate % is -9.62% as of Aug. 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.

Sable Exploration And Mining Business Description

Address 31 Imala Road, Building 4, Chistlehurston, Sandton, GT, ZAF, 2192
Sable Exploration And Mining Ltd is an investment and management company with trading subsidiaries engaged in the exploration, prospecting, development and mining of mineral resources.