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HEXO (TSX:HEXO) Tax Rate % : 9.61% (As of Apr. 2023)


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What is HEXO Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. HEXO's Tax Expense for the three months ended in Apr. 2023 was C$-12.5 Mil. HEXO's Pre-Tax Income for the three months ended in Apr. 2023 was C$-129.7 Mil. Therefore, HEXO's Tax Rate % for the quarter that ended in Apr. 2023 was 9.61%.

HEXO Tax Rate % Historical Data

The historical data trend for HEXO'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.

* Premium members only.

HEXO Tax Rate % Chart

HEXO Annual Data
Trend Sep14 Sep15 Sep16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22
Tax Rate %
Get a 7-Day Free Trial Premium Member Only - 20.74 1.09 0.34 3.49

HEXO Quarterly Data
Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23
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 5.04 5.41 1.42 80.33 9.61

HEXO Tax Rate % Calculation

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

HEXO's Tax Rate % for the fiscal year that ended in Jul. 2022 is calculated as

Tax Rate %=Tax Expense (A: Jul. 2022 )/Pre-Tax Income (A: Jul. 2022 )
=-38.813/-1112.421
=3.49 %

HEXO's Tax Rate % for the quarter that ended in Apr. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Apr. 2023 )/Pre-Tax Income (Q: Apr. 2023 )
=-12.459/-129.665
=9.61 %

* 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.

HEXO Tax Rate % Related Terms

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HEXO (TSX:HEXO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » HEXO Corp (TSX:HEXO) » Definitions » Tax Rate %
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Traded in Other Exchanges
N/A
Address
120 de la Rive Road, Gatineau, QC, CAN, J8M 1V2
Website
https://www.hexocorp.com
HEXO Corp is engaged in producing and selling cannabis and cannabis products. The company is focused on smoke-free and traditional cannabis products. The firm's products include dried flowers, oils, and vapes. It generates its revenue from various sources such as Beverage Based Adult-Use Sales, Medical, Wholesale and International sales.