WOEN (Wolf Energy Services) Tax Expense: $-0.01 Mil (TTM As of Jun. 2023)

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What is Wolf Energy Services Tax Expense?

Wolf Energy Services WOEN Tax Expense is $-0.01 Mil as of Jun. 2023.

Wolf Energy Services's tax expense for the months ended in Jun. 2023 was $0.00 Mil. Its tax expense for the trailing twelve months (TTM) ended in Jun. 2023 was $-0.01 Mil.

Wolf Energy Services  (OTCPK:WOEN) 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.

Wolf Energy Services Tax Expense Related Terms

Wolf Energy Services Tax Expense Historical Data

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The historical data trend for Wolf Energy Services'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.

Wolf Energy Services Tax Expense Chart

Wolf Energy Services Annual Data
Trend Mar22 Mar23
Tax Expense
0.09 0.04

Wolf Energy Services Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Tax Expense Get a 7-Day Free Trial 0.00 0.00 0.02 -0.03 0.00

Wolf Energy Services 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.01 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.

Frequently Asked Questions Learn more about Tax Expense →
What does a Tax Expense of $-0.01 Mil mean?
Wolf Energy Services (WOEN) has a Tax Expense of $-0.01 Mil as of Jun. 2023. Tax expense is the amount of tax the company pays in an accounting period. View historical data on Wolf Energy Services and its competitors.
Is Wolf Energy Services' Tax Expense too high?
Wolf Energy Services' current Tax Expense is $-0.01 Mil.
How does Wolf Energy Services' Tax Expense compare to TLSS and ODFL?
Wolf Energy Services' Tax Expense of $-0.01 Mil can be compared against companies in the Transportation 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 Transportation company?
A good Tax Expense depends on the Transportation 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 Wolf Energy Services and its competitors. Wolf Energy Services's current Tax Expense is $-0.01 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wolf Energy Services stock overvalued right now?
Wolf Energy Services (WOEN) has a current Tax Expense of $-0.01 Mil. The current Tax Expense is $-0.01 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 Wolf Energy Services (WOEN), the current Tax Expense is $-0.01 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.

Wolf Energy Services Business Description

Address 408 State Highway 135N, Kilgore, TX, USA, 75662
Wolf Energy Services Inc, through its wholly-owned subsidiary, provides transportation of frac sand and logistics services to hydraulic fracturing and drilling operations. Capstone procures and finances equipment for oilfield transportation service contractors. It operates in the transportation and logistics services business serving hydraulic fracking companies and assisting in their operations through Banner. The Company operates through Banner Midstream which has two operating subsidiaries: Pinnacle Frac Transport LLC and Capstone Equipment Leasing LLC.