ASFX (American Scientific Resources) Tax Expense: $ Mil (TTM As of Sep. 2011)


What is American Scientific Resources Tax Expense?

American Scientific Resources ASFX -96.67% Tax Expense is $ Mil as of Sep. 2011.

American Scientific Resources's tax expense for the months ended in Sep. 2011 was $0.00 Mil.

American Scientific Resources  (OTCPK:ASFX) Tax Expense Explanation

In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.

American Scientific Resources Tax Expense Related Terms

American Scientific Resources Tax Expense Historical Data

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The historical data trend for American Scientific Resources's Tax Expense 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.

American Scientific Resources Tax Expense Chart

American Scientific Resources Annual Data
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Tax Expense

American Scientific Resources Quarterly Data
Sep10 Sep11
Tax Expense 0.00 0.00

American Scientific Resources Tax Expense Calculation

Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.

Frequently Asked Questions Learn more about Tax Expense →
What does a Tax Expense of $ Mil mean?
American Scientific Resources (ASFX) has a Tax Expense of $ Mil as of Sep. 2011. Tax expense is the amount of tax the company pays in an accounting period. View historical data on American Scientific Resources and its competitors.
Is American Scientific Resources' Tax Expense too high?
American Scientific Resources' current Tax Expense is $ Mil.
How does American Scientific Resources' Tax Expense compare to GNID and QTXB?
American Scientific Resources' Tax Expense of $ Mil can be compared against companies in the Medical Devices & Instruments industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Expense for a Medical Devices & Instruments company?
A good Tax Expense depends on the Medical Devices & Instruments industry context. However, Tax Expense 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 Expense mean?
A high Tax Expense can signal that a stock is expensive relative to its fundamentals. Tax expense is the amount of tax the company pays in an accounting period. View historical data on American Scientific Resources and its competitors. American Scientific Resources's current Tax Expense is $ Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Scientific Resources stock overvalued right now?
American Scientific Resources (ASFX) has a current Tax Expense of $ Mil. The current Tax Expense is $ Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Expense calculated?
Tax Expense is calculated from a company's financial statements. For American Scientific Resources (ASFX), the current Tax Expense is $ Mil as of Sep. 2011. 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.

American Scientific Resources Business Description