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MAMO (Massimo Group) Tax Rate % : 19.91% (As of Sep. 2024)


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What is Massimo Group Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Massimo Group's Tax Expense for the three months ended in Sep. 2024 was $-0.6 Mil. Massimo Group's Pre-Tax Income for the three months ended in Sep. 2024 was $-3.1 Mil. Therefore, Massimo Group's Tax Rate % for the quarter that ended in Sep. 2024 was 19.91%.

Massimo Group Tax Rate % Historical Data

The historical data trend for Massimo Group'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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Massimo Group Tax Rate % Chart

Massimo Group Annual Data
Trend Dec21 Dec22 Dec23
Tax Rate %
- - 16.98

Massimo Group Quarterly Data
Dec21 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.84 18.88 22.05 22.42 19.91

Massimo Group Tax Rate % Calculation

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

Massimo Group'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 )
=2.13/12.545
=16.98 %

Massimo Group'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 )
=-0.622/-3.124
=19.91 %

* 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.

Massimo Group Tax Rate % Related Terms

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Massimo Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Massimo Group (NAS:MAMO) » Definitions » Tax Rate %
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Traded in Other Exchanges
N/A
Address
3101 W Miller Road, Garland, TX, USA, 75041
Website
https://www.massimomotor.com
Massimo Group is engaged in the mid-tier band the (Mid-Tier Band) of the Powersports Vehicles and Boats Industry. It manufacture, import and distribute a diversified portfolio of products divided into two main lines: a motor sports brand consisting of utility terrain vehicles (UTVs), all-terrain vehicles (ATVs), motorcycles, scooters, golf carts and a juvenile line from go karts to balance bikes; and a motor boat line consisting of pontoon and tritoon boats (Pontoon Boats).