Vision Marine Technologies (Vision Marine Technologies) Tax Rate % : 0.48% (As of Feb. 2024)

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What is Vision Marine Technologies Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Vision Marine Technologies's Tax Expense for the three months ended in Feb. 2024 was $-0.03 Mil. Vision Marine Technologies's Pre-Tax Income for the three months ended in Feb. 2024 was $-6.26 Mil. Therefore, Vision Marine Technologies's Tax Rate % for the quarter that ended in Feb. 2024 was 0.48%.

Vision Marine Technologies Tax Rate % Historical Data

The historical data trend for Vision Marine Technologies'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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Vision Marine Technologies Tax Rate % Chart

Vision Marine Technologies Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Tax Rate %

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21.43

-0.94

-0.71

-2.01

1.33

Vision Marine Technologies Quarterly Data
	Aug18	Feb19	Aug19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Tax Rate %	Get a 7-Day Free Trial															0.26	6.11	1.64	-5.95	0.48

Vision Marine Technologies Tax Rate % Calculation

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

Vision Marine Technologies's Tax Rate % for the fiscal year that ended in Aug. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Aug. 2023 )	/	Pre-Tax Income (A: Aug. 2023 )
	=	-0.208	/	-15.698
	=	1.33 %

Vision Marine Technologies's Tax Rate % for the quarter that ended in Feb. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Feb. 2024 )	/	Pre-Tax Income (Q: Feb. 2024 )
	=	-0.03	/	-6.257
	=	0.48 %

Vision Marine Technologies Tax Rate % Related Terms

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Vision Marine Technologies (Vision Marine Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Vision Marine Technologies Inc (NAS:VMAR) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

N/A

Address

730 Boulevard du Cure-Boivin, Boisbriand, Montreal, QC, CAN, J7G 2A7

Website

https://www.visionmarinetechnologies.com

Vision Marine Technologies Inc is in the business of designing and manufacturing electric outboard powertrain systems, power boats, and related technology and the renting of electric boats. The different models of the powerboats and electric boats manufactured by the company includes, Bruce 22, Fantail 217, Volt 180 and others. The company operates in two reportable business segments; Sale of electric boats and Rental of electric boats. The majority of the revenue for the company is generated from its Rental of electric boats segment. Geographically, the company generates revenue from its business in Canada, USA and other countries. A substantial portion of the overall revenue is generated from its business in USA.