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Maverick Lifestyle (Maverick Lifestyle) Tax Rate % : -2.49% (As of Jun. 2023)


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What is Maverick Lifestyle Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Maverick Lifestyle's Tax Expense for the three months ended in Jun. 2023 was $0.01 Mil. Maverick Lifestyle's Pre-Tax Income for the three months ended in Jun. 2023 was $-0.52 Mil. Therefore, Maverick Lifestyle's Tax Rate % for the quarter that ended in Jun. 2023 was -2.49%.

Maverick Lifestyle Tax Rate % Historical Data

The historical data trend for Maverick Lifestyle'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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Maverick Lifestyle Tax Rate % Chart

Maverick Lifestyle Annual Data
Trend Dec20 Dec21 Dec22
Tax Rate %
- -15.57 18.11

Maverick Lifestyle Quarterly Data
Dec21 Mar22 Jun22 Dec22 Mar23 Jun23
Tax Rate % Get a 7-Day Free Trial - 38.21 - - -2.49

Maverick Lifestyle Tax Rate % Calculation

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

Maverick Lifestyle's Tax Rate % for the fiscal year that ended in Dec. 2022 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2022 )/Pre-Tax Income (A: Dec. 2022 )
=-0.354/-1.955
=18.11 %

Maverick Lifestyle'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 )
=0.013/-0.522
=-2.49 %

* 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.

Maverick Lifestyle Tax Rate % Related Terms

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Maverick Lifestyle (Maverick Lifestyle) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Maverick Lifestyle Inc (NAS:MVRK) » Definitions » Tax Rate %
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Traded in Other Exchanges
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Address
7427 NC Highway 58 South, Stantonsburg, NC, USA, 27883
Website
Maverick Lifestyle Inc is a Hemp Canna-Infused Products Company primarily engaged in the manufacturing, branding, marketing, distribution and sales of products infused with hemp-derived cannabinoids (including but not limited to delta-8-THC, delta-9-THC, delta-10-THC, HHC, CBD, CBG and CBN) such as pre-rolled hemp joints and hemp cigarettes, hemp cigarillos, blunts, disposable live resin vapes, gummies and unique edibles. It is also engaged in the development of high speed rolling manufacturing technology specifically designed for the hemp and cannabis industry, such as converting high speed tobacco rolling machines to roll stickier products such as delta-8-THC, HHC infused hemp, packing machines to automatically package rolled products into consumer packaging ready for the shelf.

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