MMNFQ (MedMen Enterprises) Tax Rate %: 14.67% (As of Mar. 2023)


What is MedMen Enterprises Tax Rate %?

MedMen Enterprises MMNFQ -90.00% Tax Rate % is 14.67% as of Mar. 2023.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. MedMen Enterprises's Tax Expense for the three months ended in Mar. 2023 was $-5.4 Mil. MedMen Enterprises's Pre-Tax Income for the three months ended in Mar. 2023 was $-36.6 Mil. Therefore, MedMen Enterprises's Tax Rate % for the quarter that ended in Mar. 2023 was 14.67%.

MedMen Enterprises Tax Rate % Related Terms

MedMen Enterprises Tax Rate % Historical Data

* Premium members only.

The historical data trend for MedMen Enterprises'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.

MedMen Enterprises Tax Rate % Chart

MedMen Enterprises Annual Data
Trend Oct13 Oct14 Oct15 Oct16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.79 2.42 8.23 -1.50 5.64

MedMen Enterprises Quarterly Data
Apr18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 -0.01 19.91 -12.15 -7.57 14.67

MedMen Enterprises Tax Rate % Calculation

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

MedMen Enterprises's Tax Rate % for the fiscal year that ended in Jun. 2022 is calculated as

Tax Rate %=Tax Expense (A: Jun. 2022 )/Pre-Tax Income (A: Jun. 2022 )
=-9.896/-175.451
=5.64 %

MedMen Enterprises's Tax Rate % for the quarter that ended in Mar. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2023 )/Pre-Tax Income (Q: Mar. 2023 )
=-5.367/-36.576
=14.67 %

* 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 14.67% mean?
MedMen Enterprises (MMNFQ) has a Tax Rate % of 14.67% as of Mar. 2023.
Is MedMen Enterprises' Tax Rate % too high?
MedMen Enterprises' current Tax Rate % is 14.67%.
How does MedMen Enterprises' Tax Rate % compare to ZTS and VTRS?
MedMen Enterprises' Tax Rate % of 14.67% 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. MedMen Enterprises's current Tax Rate % is 14.67%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MedMen Enterprises stock overvalued right now?
MedMen Enterprises (MMNFQ) has a current Tax Rate % of 14.67%. The current Tax Rate % is 14.67%. 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 MedMen Enterprises (MMNFQ), the current Tax Rate % is 14.67% as of Mar. 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.

MedMen Enterprises Business Description

Address 8740 S Sepulveda Boulevard, Suite 105, Los Angeles, CA, USA, 90045
MedMen Enterprises Inc is a American cannabis company dedicated to improving life with Cannabis for All. With operations across the United States in California, Nevada, Illinois, Arizona, Massachusetts, and New York, the company has MedMen and LuxLyte brands offering cannabis in consumer-preferred product forms for medical and recreational use. It produces and curates the consumer product assortment for retail operations in its local communities, and drives consumer loyalty with service and engaging in-store experience, combined with reward, delivery, and e-commerce programs.