MJWL (Majic Wheels) Tax Expense: $0.00 Mil (TTM As of Sep. 2012)

What is Majic Wheels Tax Expense?

Majic Wheels MJWL -99.00% Tax Expense is $0.00 Mil as of Sep. 2012.

Majic Wheels's tax expense for the months ended in Sep. 2012 was $0.00 Mil. Its tax expense for the trailing twelve months (TTM) ended in Sep. 2012 was $0.00 Mil.

Majic Wheels (OTCPK:MJWL) 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.

Majic Wheels Tax Expense Related Terms

Majic Wheels Tax Expense Historical Data

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The historical data trend for Majic Wheels'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.

Majic Wheels Tax Expense Chart

Majic Wheels Annual Data

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Tax Expense

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Majic Wheels Quarterly Data
	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Jun12	Sep12
Tax Expense	Get a 7-Day Free Trial														0.00	0.00	0.00	0.00	0.00

Majic Wheels 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. 2012 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

Frequently Asked Questions Learn more about Tax Expense →

What does a Tax Expense of $0.00 Mil mean?

Majic Wheels (MJWL) has a Tax Expense of $0.00 Mil as of Sep. 2012. Tax expense is the amount of tax the company pays in an accounting period. View historical data on Majic Wheels and its competitors.

Is Majic Wheels' Tax Expense too high?

Majic Wheels' current Tax Expense is $0.00 Mil.

How does Majic Wheels' Tax Expense compare to HGGGQ and EFTB?

Majic Wheels' Tax Expense of $0.00 Mil can be compared against companies in the Waste Management 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 Waste Management company?

A good Tax Expense depends on the Waste Management 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 Majic Wheels and its competitors. Majic Wheels's current Tax Expense is $0.00 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Majic Wheels stock overvalued right now?

Majic Wheels (MJWL) has a current Tax Expense of $0.00 Mil. The current Tax Expense is $0.00 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 Majic Wheels (MJWL), the current Tax Expense is $0.00 Mil as of Sep. 2012. 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.

Majic Wheels Business Description

Industry Industrials Waste Management

Comparable Companies HGGGQ EFTB HADV BTCS VTNL ARCI HLWD SPDL NXTTF PERF VEND ICTV PAYM LINU ATV LBUY DGSE TWMC TKAT EVLV

Address 2401 Fountain View Drive, Suite 312, Houston, TX, USA, 77057

Website https://www.majiccorp.co

Majic Wheels Corp is engaged in waste management business engaged in junk removal, trash hauling, recycling, commercial and residential construction clean-up and demolition business.