Biovet JSC (LTS:0III) Tax Rate %: 23.46% (As of Dec. 2016)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Biovet JSC Tax Rate %?

Biovet JSC LTS:0III Tax Rate % is 23.46% as of Dec. 2016. The stock has 1 warning sign investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Biovet JSC's Tax Expense for the three months ended in Dec. 2016 was лв1.58 Mil. Biovet JSC's Pre-Tax Income for the three months ended in Dec. 2016 was лв6.72 Mil. Therefore, Biovet JSC's Tax Rate % for the quarter that ended in Dec. 2016 was 23.46%.

Biovet JSC Tax Rate % Related Terms

Biovet JSC Tax Rate % Historical Data

* Premium members only.

The historical data trend for Biovet JSC'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.

Biovet JSC Tax Rate % Chart

Biovet JSC Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Tax Rate %
Get a 7-Day Free Trial 10.11 10.09 10.04 10.05 10.09

Biovet JSC Quarterly Data
Dec09 Dec10 Dec11 Dec12 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16
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 18.39 0.00 2.71 7.16 23.46

Biovet JSC Tax Rate % Calculation

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

Biovet JSC's Tax Rate % for the fiscal year that ended in Dec. 2016 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2016 )/Pre-Tax Income (A: Dec. 2016 )
=1.919/19.017
=10.09 %

Biovet JSC's Tax Rate % for the quarter that ended in Dec. 2016 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2016 )/Pre-Tax Income (Q: Dec. 2016 )
=1.577/6.721
=23.46 %

* 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 23.46% mean?
Biovet JSC (LTS:0III) has a Tax Rate % of 23.46% as of Dec. 2016.
Is Biovet JSC's Tax Rate % too high?
Biovet JSC's current Tax Rate % is 23.46%.
How does Biovet JSC's Tax Rate % compare to ADMP and AGRX?
Biovet JSC's Tax Rate % of 23.46% 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. Biovet JSC's current Tax Rate % is 23.46%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Biovet JSC stock overvalued right now?
Biovet JSC (LTS:0III) has a current Tax Rate % of 23.46%. The current Tax Rate % is 23.46%. 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 Biovet JSC (LTS:0III), the current Tax Rate % is 23.46% as of Dec. 2016. 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.

Biovet JSC Business Description

Biovet JSC manufactures & markets medicated and nutritional feed additives, enzymes, bulk active substances & pharmaceuticals for animal productivity & health. It offers intermediates, active ingredients and medicines for human pharmaceutical industry.