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Polished.com's tax expense for the months ended in Sep. 2023 was $-0.2 Mil. Its tax expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-5.0 Mil.
The historical data trend for Polished.com'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.
Polished.com Annual Data | |||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | ||||||
Tax Expense | - | - | 0.70 | 0.10 | -8.41 |
Polished.com Quarterly Data | |||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Jun23 | Sep23 | |
Tax Expense | Get a 7-Day Free Trial | -0.95 | -2.39 | -5.18 | 0.33 | -0.17 |
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 quarterly data reported by the company within the most recent 12 months, which was $-5.0 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.
Polished.com (OTCPK:POLCQ) 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.
Thank you for viewing the detailed overview of Polished.com's Tax Expense provided by GuruFocus.com. Please click on the following links to see related term pages.
Houman Akhavan | director | C/O U. S. AUTO PARTS NETWORK, INC., 17150 SOUTH MARGAY AVENUE, CARSON CA 90746 |
John E. Bunka | officer: Interim CEO | C/O POLISHED.COM INC., 1870 BATH AVENUE, BROOKLYN NY 11214 |
James M Schneider | director | C/O GAP, INC., 2 FOLSOM ST., SAN FRANCISCO CA 94105 |
Maria Johnson | officer: Chief Financial Officer | C/O 1847 GOEDEKER INC., 3817 MILLSTONE PARKWAY, ST. CHARLES MO 63301 |
Albert Fouerti | director | C/O 1847 GOEDEKER INC., 3817 MILLSTONE PARKWAY, ST. CHARLES MO 63301 |
Clark R. Crosnoe | director | 13850 MANCHESTER RD, C/O 1847 GOEDEKER INC.,, BALLWIN MO 63011 |
Glyn C. Milburn | director | 13850 MANCHESTER RD, C/O 1847 GOEDEKER INC., BALLWIN MO 63011 |
Gary Alan Shaw | director | C/O 1847 GOEDEKER INC., 3817 MILLSTON PARKWAY, ST. CHARLES MO 63301 |
Selim A Bassoul | director | C/O MIDDLEBY CORP, 1400 TOASTMASTER DRIVE, ELGIN IL 8477413300 |
Thomas S. Harcum | officer: CMO and CTO | C/O 1847 GOEDEKER INC., 13850 MANCHESTER RD., BALLWIN MO 63011 |
Alan P. Shor | director | C/O 1847 GOEDEKER INC., 3817 MILLSTONE PARKWAY, ST. CHARLES MO 63301 |
Jacob Guilhas | officer: VP of Logistics | 13850 MANCHESTER RD., BALLWIN MO 63011 |
1847 Holdings Llc | 10 percent owner | 590 MADISON AVENUE, 21ST FLOOR, NEW YORK NY 10022 |
Edward Tobin | director | C/O GEM SURGILIGHT INVESTORS, LLC, 9 WEST 57TH STREET, 46TH FLOOR, NEW YORK NY 10022 |
1847 Goedeker Holdco Inc. | 10 percent owner | 13850 MANCHESTER RD., BALLWIN MO 63011 |
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