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Veem (VEEMF) Tax Rate % : -7.33% (As of Dec. 2024)


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What is Veem Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Veem's Tax Expense for the six months ended in Dec. 2024 was $-0.04 Mil. Veem's Pre-Tax Income for the six months ended in Dec. 2024 was $0.60 Mil. Therefore, Veem's Tax Rate % for the quarter that ended in Dec. 2024 was -7.33%.

Veem Tax Rate % Historical Data

The historical data trend for Veem'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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Veem Tax Rate % Chart

Veem Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Tax Rate %
Get a 7-Day Free Trial 23.75 16.87 9.55 15.83 13.76

Veem Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 1.44 24.61 10.89 16.47 -7.33

Veem Tax Rate % Calculation

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

Veem's Tax Rate % for the fiscal year that ended in Jun. 2024 is calculated as

Tax Rate %=Tax Expense (A: Jun. 2024 )/Pre-Tax Income (A: Jun. 2024 )
=0.74/5.379
=13.76 %

Veem's Tax Rate % for the quarter that ended in Dec. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2024 )/Pre-Tax Income (Q: Dec. 2024 )
=-0.044/0.6
=-7.33 %

* 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.

Veem Tax Rate % Related Terms

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Veem Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Veem Ltd (OTCPK:VEEMF) » Definitions » Tax Rate %
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Traded in Other Exchanges
VEE:Australia
Address
22 Baile Road, Canning Vale, WA, AUS, 6155
Website
https://veem.com.au
Veem Ltd is a marine technology company engaged in the production of propulsion and stabilization systems. The company also manufactures bespoke engineered products and services for the marine, defense, and mining industries.