Global Mofy Metaverse (Global Mofy Metaverse) Tax Expense : $1.10 Mil (TTM As of Sep. 2023)

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What is Global Mofy Metaverse Tax Expense?

Global Mofy Metaverse's tax expense for the months ended in Sep. 2023 was $0.92 Mil. Its tax expense for the trailing twelve months (TTM) ended in Sep. 2023 was $1.10 Mil.

Global Mofy Metaverse Tax Expense Historical Data

The historical data trend for Global Mofy Metaverse'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.

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Global Mofy Metaverse Tax Expense Chart

Global Mofy Metaverse Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Tax Expense

0.05

0.01

1.10

Global Mofy Metaverse Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Tax Expense	Get a 7-Day Free Trial			0.01	-	-	0.18	0.92

Global Mofy Metaverse 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.

Tax Expense for the trailing twelve months (TTM) ended in Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $1.10 Mil.

Global Mofy Metaverse (NAS:GMM) 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.

Global Mofy Metaverse Tax Expense Related Terms

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Global Mofy Metaverse (Global Mofy Metaverse) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Global Mofy Metaverse Ltd (NAS:GMM) » Definitions » Tax Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. A12, Xidian Memory Cultural and Creative Town, No. 102, 1st Floor, Gaobeidian Township, Chaoyang District, Beijing, CHN, 100000

Website

Global Mofy Metaverse Ltd operates as a technology solutions provider engaged in virtual content production, digital marketing, and digital assets development for the metaverse industry. It utilizes its proprietary Mofy Lab technology platform which consists of three-dimensional (3D) rebuilt technology and artificial intelligence (AI) interactive technology to create a 3D high-definition virtual version of a wide range of physical world objects such as human, animal, and scenes which can be used in different applications.

Global Mofy Metaverse (Global Mofy Metaverse) Headlines

From GuruFocus

Global Mofy Metaverse Limited Announces Pricing of $6,000,000 Initial Public Offering

By Marketwired • 10-09-2023

Global Mofy Metaverse ("GMM"), 3D Digital Assets Operator, Debuts on Nasdaq

By ACN Newswire • 10-12-2023

Global Mofy Metaverse Limited Announces Closing of $6,000,000 Initial Public Offering

By Marketwired • 10-12-2023