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Cannara Biotech (STU:8CB0) Tax Rate % : 24.01% (As of Nov. 2024)


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What is Cannara Biotech Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Cannara Biotech's Tax Expense for the three months ended in Nov. 2024 was €0.49 Mil. Cannara Biotech's Pre-Tax Income for the three months ended in Nov. 2024 was €2.05 Mil. Therefore, Cannara Biotech's Tax Rate % for the quarter that ended in Nov. 2024 was 24.01%.

Cannara Biotech Tax Rate % Historical Data

The historical data trend for Cannara Biotech'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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Cannara Biotech Tax Rate % Chart

Cannara Biotech Annual Data
Trend Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Tax Rate %
Get a 7-Day Free Trial - - - - -43.62

Cannara Biotech Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
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 - - - - 24.01

Cannara Biotech Tax Rate % Calculation

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

Cannara Biotech's Tax Rate % for the fiscal year that ended in Aug. 2024 is calculated as

Tax Rate %=Tax Expense (A: Aug. 2024 )/Pre-Tax Income (A: Aug. 2024 )
=-1.299/2.978
=-43.62 %

Cannara Biotech's Tax Rate % for the quarter that ended in Nov. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Nov. 2024 )/Pre-Tax Income (Q: Nov. 2024 )
=0.491/2.045
=24.01 %

* 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.

Cannara Biotech Tax Rate % Related Terms

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Cannara Biotech Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cannara Biotech Inc (STU:8CB0) » Definitions » Tax Rate %
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LOVFF:USA LOVE:Canada
Address
1055 West Georgia Street, Suite 2050, Vancouver, BC, CAN, V6E 3P3
Website
http://www.cannara.ca
Cannara Biotech Inc is a vertically integrated producer of premium-grade cannabis and cannabis-derivative products for Canadian markets. The company owns two mega Quebec-based facilities. The company operates in in two segments; Indoor cannabis operations segment which includes the cultivation, processing and sale of dried cannabis and cannabis derivatives for the Canadian market and the Real estate operations segment related to the Farnham and Valleyfield building. Majority of the revenue for the company is generated from its Cannabis operations segment. .

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