Tax Assets (Historical) Formula in Excel

Welcome to this comprehensive guide on using the Tax Assets (Historical) formula in Excel with MarketXLS. This Excel function helps you retrieve historic tax asset details—such as refunds, credits, losses, or rebates specifically associated with a taxable period—directly in your spreadsheets. Speed up analysis and gain insights into a company’s historical tax liabilities with this powerful function.

Understanding Tax Assets (Historical)

Tax Assets (Historical) represents the amount of tax credits or deductions a company can carry forward or utilize for a specified historical period. Key benefits of leveraging this function include:

• Simplifying tax compliance and planning processes
• Providing insight into historical tax credit, deduction, or rebate values
• Helping forecast future tax positions and liabilities

Use this formula to track or compare tax asset figures year-over-year or quarter-over-quarter to assess trends and identify opportunities.

Syntax and Parameters

Below is the generic syntax for using the Tax Assets (Historical) formula:

=hf_Tax_Assets(Symbol, year, [quarter], [TTM])

?? Note: If invalid symbols or parameters are passed, the function typically returns "NA". Ensure your MarketXLS license is valid to retrieve the data.

Return Value:
This function returns a numeric value representing the company’s tax assets for the specified period or "NA" if data is unavailable or input parameters are incorrect.

Examples and Usage

Below are practical examples to illustrate how you can use the Tax Assets (Historical) formula in various scenarios:

1. Basic usage (specific year):

   =hf_Tax_Assets("MSFT", 2022)

   Retrieves the tax asset value for Microsoft in 2022.

2. Specifying a quarter:

   =hf_Tax_Assets("MSFT", 2022, 2)

   Retrieves the tax asset value for Microsoft in the 2nd quarter of 2022.

3. Using trailing twelve months (TTM):

   =hf_Tax_Assets("MSFT", 2022, 3, "TTM")

   Returns the tax asset value for the trailing twelve months from the 3rd quarter of 2022.

4. Last quarter (lq) and offsets:

   =hf_Tax_Assets("MSFT", "lq")
   =hf_Tax_Assets("MSFT", "lq-1")

   Retrieves tax asset values for the most recent quarter and one quarter before that.

5. Last year (ly) and offsets:

   =hf_Tax_Assets("MSFT", "ly")
   =hf_Tax_Assets("MSFT", "ly-1")

   Returns tax asset values for the last year and the year prior to that.

6. Last twelve months (lt) and offsets:

   =hf_Tax_Assets("MSFT", "lt")
   =hf_Tax_Assets("MSFT", "lt-1")

   Retrieves tax asset values for the last twelve months and the previous last twelve months period.

? Pro Tip: You can reference cells in your sheet for parameters. For example:
• By cell reference:
=hf_Tax_Assets(A2, B2)
• By direct date strings (converted to year):
=hf_Tax_Assets("MSFT", "2022")
• Using Excel functions:
=hf_Tax_Assets("MSFT", TEXT(A1,"yyyy"))

Common Questions

1. What if the function returns "NA"?

This usually indicates invalid tickers, licensing issues, or no available data for the specified period. Verify your inputs and MarketXLS subscription status.

2. Can I use this formula for both U.S. and non-U.S. tickers?

Yes. MarketXLS aims to support multiple exchanges and symbols. However, certain symbols or markets may have varied data availability.

3. Does this formula affect spreadsheet performance?

MarketXLS relies on API calls for data retrieval. While this is generally performant, numerous calls (especially for multiple symbols or large datasets) can slow down recalculations. Consider adjusting Excel’s calculation settings or limiting simultaneous requests.

4. Are there related functions for other historical metrics?

Yes. You can also use:

• Revenue (Historical)
• Cost of Revenue (Historical)
• Gross Profit (Historical)
• R & D Expenses (Historical)
• Selling General and Administrative Expense (Historical)

These functions allow you to analyze different aspects of a company’s financials historically.

?? Note: For detailed fundamental analysis, combine several historical metric functions to get a complete picture of the company’s financial health.

Feel free to explore these additional MarketXLS formulas to streamline your financial analysis workflow.