PTOCW (Pine Technology Acquisition) Tax Rate %: 24.34% (As of Sep. 2022)

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PTOCW Pine Technology Acquisition Corp PTOCW
22 GF Score
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! 2 Warning Signs
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What is Pine Technology Acquisition Tax Rate %?

Pine Technology Acquisition PTOCW 22 Tax Rate % is 24.34% as of Sep. 2022. GuruFocus rates PTOCW with a GF Score™ of 22/100. The stock has 2 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Pine Technology Acquisition's Tax Expense for the three months ended in Sep. 2022 was $0.37 Mil. Pine Technology Acquisition's Pre-Tax Income for the three months ended in Sep. 2022 was $1.50 Mil. Therefore, Pine Technology Acquisition's Tax Rate % for the quarter that ended in Sep. 2022 was 24.34%.

Pine Technology Acquisition Tax Rate % Related Terms

Pine Technology Acquisition Tax Rate % Historical Data

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The historical data trend for Pine Technology Acquisition'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.

Pine Technology Acquisition Tax Rate % Chart

Pine Technology Acquisition Annual Data
Trend Dec20 Dec21
Tax Rate %
0.00 0.00

Pine Technology Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Tax Rate % Get a 7-Day Free Trial 0.00 0.00 0.00 0.40 24.34
PTOCW
22GF Score
Pine Technology Acquisition Corp PTOCW
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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Pine Technology Acquisition Tax Rate % Calculation

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

Pine Technology Acquisition's Tax Rate % for the fiscal year that ended in Dec. 2021 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2021 )/Pre-Tax Income (A: Dec. 2021 )
=0/-1.662
=0.00 %

Pine Technology Acquisition's Tax Rate % for the quarter that ended in Sep. 2022 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2022 )/Pre-Tax Income (Q: Sep. 2022 )
=0.366/1.504
=24.34 %

* 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 24.34% mean?
Pine Technology Acquisition (PTOCW) has a Tax Rate % of 24.34% as of Sep. 2022.
Is Pine Technology Acquisition's Tax Rate % too high?
Pine Technology Acquisition's current Tax Rate % is 24.34%. Overall, Pine Technology Acquisition has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Pine Technology Acquisition's Tax Rate % compare to TIOA and NAAC?
Pine Technology Acquisition's Tax Rate % of 24.34% can be compared against companies in the Diversified Financial Services 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 Diversified Financial Services company?
A good Tax Rate % depends on the Diversified Financial Services 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. Pine Technology Acquisition's current Tax Rate % is 24.34%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pine Technology Acquisition stock overvalued right now?
Pine Technology Acquisition (PTOCW) has a current Tax Rate % of 24.34%. The current Tax Rate % is 24.34%. Pine Technology Acquisition's overall GF Score™ is 22/100 with 2 warning signs to review. 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 Pine Technology Acquisition (PTOCW), the current Tax Rate % is 24.34% as of Sep. 2022. 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.

Pine Technology Acquisition Business Description

Address 260 Lena Drive, Aurora, OH, USA, 44202
Pine Technology Acquisition Corp is a newly organized blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
22GF Score

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Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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