VNG (VNG) Tax Expense: $ Mil (TTM As of Jun. 2023)


What is VNG Tax Expense?

VNG VNG Tax Expense is $ Mil as of Jun. 2023.

VNG's tax expense for the months ended in Jun. 2023 was $0.00 Mil.

VNG  (NAS:VNG) 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.

VNG Tax Expense Related Terms

VNG Tax Expense Historical Data

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The historical data trend for VNG'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.

VNG Tax Expense Chart

VNG Annual Data
Trend Dec22
Tax Expense
0.00

VNG Semi-Annual Data
Dec22 Jun23
Tax Expense 0.00 0.00

VNG 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.

Frequently Asked Questions Learn more about Tax Expense →
What does a Tax Expense of $ Mil mean?
VNG (VNG) has a Tax Expense of $ Mil as of Jun. 2023. Tax expense is the amount of tax the company pays in an accounting period. View historical data on VNG and its competitors.
Is VNG's Tax Expense too high?
VNG's current Tax Expense is $ Mil.
How does VNG's Tax Expense compare to ?
VNG's Tax Expense of $ Mil can be compared against companies in the Interactive Media 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 an Interactive Media company?
A good Tax Expense depends on the Interactive Media 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 VNG and its competitors. VNG's current Tax Expense is $ Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VNG stock overvalued right now?
VNG (VNG) has a current Tax Expense of $ Mil. The current Tax Expense is $ 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 VNG (VNG), the current Tax Expense is $ Mil as of Jun. 2023. 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.

VNG Business Description

Comparable Companies
Address VNG Campus, Lot Z06, St. 13, Tan Thuan Dong Ward, Dist. 7, Ho Chi Minh, VNM
VNG Ltd is a company with household digital platform brands across games, communications, news and music with a massive and fast-growing user base. It has four business segments such as Games, Communications and Media, Fintech and Long-Term Opportunities, so it generates majority of the revenue from games segment.