Absa Group (Absa Group) Tax Rate % : 25.61% (As of Jun. 2023)

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What is Absa Group Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Absa Group's Tax Expense for the six months ended in Jun. 2023 was $223 Mil. Absa Group's Pre-Tax Income for the six months ended in Jun. 2023 was $870 Mil. Therefore, Absa Group's Tax Rate % for the quarter that ended in Jun. 2023 was 25.61%.

Absa Group Tax Rate % Historical Data

The historical data trend for Absa Group'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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Absa Group Tax Rate % Chart

Absa Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Tax Rate %

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29.16

26.54

30.44

27.31

26.27

Absa Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Tax Rate %	Get a 7-Day Free Trial															27.16	27.45	27.85	24.59	25.61

Absa Group Tax Rate % Calculation

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

Absa Group's Tax Rate % for the fiscal year that ended in Dec. 2022 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2022 )	/	Pre-Tax Income (A: Dec. 2022 )
	=	468.229	/	1782.523
	=	26.27 %

Absa Group's Tax Rate % for the quarter that ended in Jun. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Jun. 2023 )	/	Pre-Tax Income (Q: Jun. 2023 )
	=	222.675	/	869.574
	=	25.61 %

Absa Group Tax Rate % Related Terms

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Absa Group (Absa Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Absa Group Ltd (OTCPK:AGRPY) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

ABG:South Africa AGRPF:USA AU61:Germany

Address

15 Troye Street, 7th Floor, Absa Towers West, PO Box 7735, Johannesburg, GT, ZAF, 2000

Website

https://www.absa.africa

Absa Group Ltd is a financial services company that has five main business segments: Product Solutions Cluster, Everyday Banking, Relationship Banking, Absa Regional Operations RBB (ARO RBB), CIB, & Head Office, Treasury, and other operations. The majority is from the Corporate and Investment Bank (CIB) segment which includes prioritized new-to-bank clients across key growth and priority sectors. CIB continued to up-sell and cross-sell new products and services to existing clients. Geographically, the majority is from South Africa.

Absa Group (Absa Group) Headlines

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