Solvar (ASX:SVR) Tax Rate % : 30.35% (As of Dec. 2023)

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What is Solvar Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Solvar's Tax Expense for the six months ended in Dec. 2023 was A$5.7 Mil. Solvar's Pre-Tax Income for the six months ended in Dec. 2023 was A$18.9 Mil. Therefore, Solvar's Tax Rate % for the quarter that ended in Dec. 2023 was 30.35%.

Solvar Tax Rate % Historical Data

The historical data trend for Solvar'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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Solvar Tax Rate % Chart

Solvar Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Tax Rate %

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31.53

30.95

30.56

29.89

28.45

Solvar Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Tax Rate %	Get a 7-Day Free Trial															29.57	30.20	29.60	27.04	30.35

Solvar Tax Rate % Calculation

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

Solvar's Tax Rate % for the fiscal year that ended in Jun. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Jun. 2023 )	/	Pre-Tax Income (A: Jun. 2023 )
	=	18.936	/	66.568
	=	28.45 %

Solvar's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	5.742	/	18.92
	=	30.35 %

Solvar Tax Rate % Related Terms

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Solvar (ASX:SVR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Solvar Ltd (ASX:SVR) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

N/A

Address

40 Graduate Road, Level 1, Bundoora, Melbourne, VIC, AUS, 3083

Website

https://www.solvar.com.au

Solvar Ltd is a financial services company. It is engaged in the provision of finance specializing in the delivery of secured automotive loans as well as secured and unsecured personal loans. The company's geographical segment includes Australia and New Zealand. It generates maximum revenue from the Australia segment. Australia segment provides lending facilities in Australia generally based on the provision of an underlying asset as security, referred through a broker.

Solvar (ASX:SVR) Headlines

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