GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Hovnanian Enterprises Inc (OTCPK:HOVVB) » Definitions » Tax Expense

HOVVB (Hovnanian Enterprises) Tax Expense : $75 Mil (TTM As of Jul. 2024)


View and export this data going back to . Start your Free Trial

What is Hovnanian Enterprises Tax Expense?

Hovnanian Enterprises's tax expense for the months ended in Jul. 2024 was $24 Mil. Its tax expense for the trailing twelve months (TTM) ended in Jul. 2024 was $75 Mil.


Hovnanian Enterprises Tax Expense Historical Data

The historical data trend for Hovnanian Enterprises'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.

* Premium members only.

Hovnanian Enterprises Tax Expense Chart

Hovnanian Enterprises Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Tax Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.48 -417.96 94.26 50.06 75.08

Hovnanian Enterprises Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
Tax Expense 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 24.13 8.66 18.56 24.35 23.52

Hovnanian Enterprises 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 Jul. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $75 Mil.

* 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.


Hovnanian Enterprises  (OTCPK:HOVVB) 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.


Hovnanian Enterprises Tax Expense Related Terms

Thank you for viewing the detailed overview of Hovnanian Enterprises's Tax Expense provided by GuruFocus.com. Please click on the following links to see related term pages.


Hovnanian Enterprises Business Description

Traded in Other Exchanges
Address
90 Matawan Road, Fifth Floor, Matawan, NJ, USA, 07747
Hovnanian Enterprises Inc conducts all of its homebuilding and financial services operations . The company designs, constructs, markets, and sells single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes in planned residential developments. It has two distinct operations: homebuilding and financial services. Its homebuilding operations are divided geographically into three segments; Northeast which includes Delaware, Maryland, New Jersey, Ohio, Pennsylvania, Virginia and West Virginia; Southeast which includes Florida, Georgia and South Carolina; and West which includes Arizona, California and Texas. The firm generates maximum revenue from West Segment.