Credit Acceptance (BSP:CRDA34) Tax Rate % : 25.58% (As of Mar. 2024)

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What is Credit Acceptance Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Credit Acceptance's Tax Expense for the three months ended in Mar. 2024 was R$110 Mil. Credit Acceptance's Pre-Tax Income for the three months ended in Mar. 2024 was R$430 Mil. Therefore, Credit Acceptance's Tax Rate % for the quarter that ended in Mar. 2024 was 25.58%.

Credit Acceptance Tax Rate % Historical Data

The historical data trend for Credit Acceptance'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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Credit Acceptance Tax Rate % Chart

Credit Acceptance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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23.34

23.38

24.00

24.72

22.17

Credit Acceptance Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															21.53	20.43	26.63	19.59	25.58

Credit Acceptance Tax Rate % Calculation

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

Credit Acceptance'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 )
	=	399.334	/	1801.166
	=	22.17 %

Credit Acceptance'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 )
	=	110.054	/	430.255
	=	25.58 %

Credit Acceptance Tax Rate % Related Terms

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Credit Acceptance (BSP:CRDA34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Credit Acceptance Corp (BSP:CRDA34) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

CACC:USA

Address

25505 W. Twelve Mile Road, Southfield, MI, USA, 48034-8339

Website

https://www.creditacceptance.com

Credit Acceptance Corp is a consumer finance company that specializes in automobile loans. These loans are offered through a U.S. nationwide network of automobile dealers that benefit from sales of vehicles to consumers who could otherwise not obtain financing. The company also benefits from repeat and referral sales, and from sales to customers responding to advertisements for financing, but qualify for traditional financing. The company derives its revenue from finance charges, premiums earned on the reinsurance of vehicle service contracts, and other fees. Of these, financing charges, including servicing fees, are by far the largest source of revenue.

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