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Cover (COVCF) Tax Rate % : 26.95% (As of Dec. 2023)


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What is Cover Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Cover's Tax Expense for the three months ended in Dec. 2023 was $2.5 Mil. Cover's Pre-Tax Income for the three months ended in Dec. 2023 was $9.2 Mil. Therefore, Cover's Tax Rate % for the quarter that ended in Dec. 2023 was 26.95%.

Cover Tax Rate % Historical Data

The historical data trend for Cover's Tax Rate % 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.

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Cover Tax Rate % Chart

Cover Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Tax Rate %
27.61 24.17 25.19 27.68

Cover Quarterly Data
Mar21 Mar22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Tax Rate % Get a 7-Day Free Trial 24.62 25.88 26.67 26.95 29.50

Cover Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Cover's Tax Rate % for the fiscal year that ended in Mar. 2024 is calculated as

Tax Rate %=Tax Expense (A: Mar. 2024 )/Pre-Tax Income (A: Mar. 2024 )
=10.573/38.193
=27.68 %

Cover's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2023 )/Pre-Tax Income (Q: Dec. 2023 )
=2.481/9.205
=26.95 %

* 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.

Cover Tax Rate % Related Terms

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Cover (COVCF) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Cover Corp (OTCPK:COVCF) » Definitions » Tax Rate %
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Traded in Other Exchanges
5253:Japan
Address
1-7-17 Shiba, Sumitomo Fudosan Shiba No.3 Building B1, Minato-ku, Tokyo, JPN, 105-0014
Website
https://www.cover-corp.com
Cover Corp operates as a platformer for two-dimensional entertainment. It is engaged in developing multifaceted businesses to accelerate 2D entertainment such as distribution system development, VTuber office management, and content development.

Cover (COVCF) Headlines

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