GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » McRae Industries Inc (OTCPK:MCRAA) » Definitions » Tax Expense

MCRAA (McRae Industries) Tax Expense : $3.0 Mil (TTM As of Jul. 2023)


View and export this data going back to 2005. Start your Free Trial

What is McRae Industries Tax Expense?

McRae Industries's tax expense for the six months ended in Jul. 2023 was $3.0 Mil. Its tax expense for the trailing twelve months (TTM) ended in Jul. 2023 was $3.0 Mil.


McRae Industries Tax Expense Historical Data

The historical data trend for McRae Industries'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.

McRae Industries Tax Expense Chart

McRae Industries Annual Data
Trend Jul99 Jul00 Jul01 Jul02 Jul03 Jul04 Jul05 Jul21 Jul22 Jul23
Tax Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.35 0.92 1.09 3.21 3.00

McRae Industries Semi-Annual Data
Jul89 Jul90 Jul91 Jul92 Jul93 Jul94 Jul95 Jul96 Jul97 Jul98 Jul99 Jul00 Jul01 Jul02 Jul03 Jul04 Jul05 Jul21 Jul22 Jul23
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 1.35 0.92 1.09 3.21 3.00

McRae Industries 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Tax Expense for the trailing twelve months (TTM) ended in Jul. 2023 was $3.0 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.


McRae Industries  (OTCPK:MCRAA) 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.


McRae Industries Tax Expense Related Terms

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


McRae Industries Business Description

Traded in Other Exchanges
N/A
Address
400 North Main Street, P.O. Box 1239, Mount Gilead, NC, USA, 27306
McRae Industries Inc operates in the footwear industry. It is engaged in the manufacturing, sales, and distribution of boot products targeted to the western lifestyle and work boot markets. The company also manufactures military combat boots for the U.S. Government and operates other smaller businesses.

McRae Industries Headlines

From GuruFocus

McRae Industries, Inc. Dividend Declared

By PRNewswire PRNewswire 12-17-2021

McRae Industries, Inc. Dividend Declared

By PRNewswire PRNewswire 03-03-2022

McRae Industries, Inc. Dividend Declared

By PRNewswire 05-30-2024

McRae Industries, Inc. Dividend Declared

By PRNewswire PRNewswire 09-04-2020

McRae Industries, Inc. Dividend Declared

By PRNewswire PRNewswire 06-22-2022

McRae Industries, Inc. Dividend Declared

By PRNewswire PRNewswire 09-01-2021

McRae Industries, Inc. Dividend Declared

By PRNewswire 09-06-2024

McRae Industries, Inc. Dividend Declared

By PRNewswire PRNewswire 06-01-2023

McRae Industries, Inc. Dividend Declared

By PRNewswire PRNewswire 07-02-2022