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Redwoods Acquisition (Redwoods Acquisition) Tax Rate % : -66.22% (As of Mar. 2024)


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What is Redwoods Acquisition Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Redwoods Acquisition's Tax Expense for the three months ended in Mar. 2024 was $0.05 Mil. Redwoods Acquisition's Pre-Tax Income for the three months ended in Mar. 2024 was $-0.07 Mil. Therefore, Redwoods Acquisition's Tax Rate % for the quarter that ended in Mar. 2024 was -66.22%.

Redwoods Acquisition Tax Rate % Historical Data

The historical data trend for Redwoods Acquisition'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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Redwoods Acquisition Tax Rate % Chart

Redwoods Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Tax Rate %
- 20.71 33.92

Redwoods Acquisition Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.60 870.00 33.94 55.72 -66.22

Redwoods Acquisition Tax Rate % Calculation

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

Redwoods Acquisition's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=0.691/2.037
=33.92 %

Redwoods Acquisition's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2024 )/Pre-Tax Income (Q: Mar. 2024 )
=0.049/-0.074
=-66.22 %

* 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.

Redwoods Acquisition Tax Rate % Related Terms

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Redwoods Acquisition (Redwoods Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Redwoods Acquisition Corp (NAS:RWOD) » Definitions » Tax Rate %
Comparable Companies
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Traded in Other Exchanges
N/A
Address
1115 Broadway, 12th Floor, New York, NY, USA, 10010
Website
Redwoods Acquisition Corp is a is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities.
Executives
Jiande Chen director, officer: Chief Executive Officer IMAX CORPORATION, A401-410 TOMORROW SQUA, SHANGHAI F4 200003
Raymond John Gibbs director 521 FIFTH AVENUE, 17TH FLOOR, NEW YORK NY 10175
Wang Cong Edward director, officer: Chief Financial Officer 521 FIFTH AVENUE, 17TH FLOOR, NEW YORK NY 10175
Redwoods Capital Llc 10 percent owner 1115 BROADWAY, 12TH FLOOR, NEW YORK NY 10010
Weikwang Ng director 1115 BROADWAY, 12TH FLOOR, NEW YORK NY 10010
Hong Jeff Li director 1115 BROADWAY, 12TH FLOOR, NEW YORK NM 10010