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GFIZF (Gfinity) Tax Expense : $-1.32 Mil (TTM As of Dec. 2023)


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What is Gfinity Tax Expense?

Gfinity's tax expense for the months ended in Dec. 2023 was $-0.25 Mil. Its tax expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.32 Mil.


Gfinity Tax Expense Historical Data

The historical data trend for Gfinity'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.

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Gfinity Tax Expense Chart

Gfinity Annual Data
Trend Dec13 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Tax Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.08 -0.57 -0.31 -0.26 -1.23

Gfinity Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Tax Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.16 -0.11 -0.15 -1.07 -0.25

Gfinity 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-1.32 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.


Gfinity  (OTCPK:GFIZF) 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.


Gfinity Tax Expense Related Terms

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Gfinity Business Description

Traded in Other Exchanges
Address
16 Great Queen Street, London, GBR, WC2B 5AH
Gfinity PLC is engaged in the field of electronic sport (eSports) business. It provides an online or live gaming platform for gamers from around the world. The Gfinity segment includes esports related activities and broadcast and production capabilities. Geographically, it derives a majority of revenue from the United Kingdom.

Gfinity Headlines