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Ali Alghanim Sons Automotive Co KSC (KUW:ALG) Tax Rate % : 6.45% (As of Mar. 2024)


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What is Ali Alghanim Sons Automotive Co KSC Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Ali Alghanim Sons Automotive Co KSC's Tax Expense for the three months ended in Mar. 2024 was KWD0.5 Mil. Ali Alghanim Sons Automotive Co KSC's Pre-Tax Income for the three months ended in Mar. 2024 was KWD7.9 Mil. Therefore, Ali Alghanim Sons Automotive Co KSC's Tax Rate % for the quarter that ended in Mar. 2024 was 6.45%.

Ali Alghanim Sons Automotive Co KSC Tax Rate % Historical Data

The historical data trend for Ali Alghanim Sons Automotive Co KSC'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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Ali Alghanim Sons Automotive Co KSC Tax Rate % Chart

Ali Alghanim Sons Automotive Co KSC Annual Data
Trend Dec21 Dec22 Dec23
Tax Rate %
2.08 4.63 6.38

Ali Alghanim Sons Automotive Co KSC 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 6.45 4.16 6.88 6.62 6.45

Ali Alghanim Sons Automotive Co KSC Tax Rate % Calculation

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

Ali Alghanim Sons Automotive Co KSC'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 )
=2.271/35.599
=6.38 %

Ali Alghanim Sons Automotive Co KSC'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 )
=0.511/7.917
=6.45 %

* 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.

Ali Alghanim Sons Automotive Co KSC Tax Rate % Related Terms

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Ali Alghanim Sons Automotive Co KSC (KUW:ALG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ali Alghanim Sons Automotive Co KSC (KUW:ALG) » Definitions » Tax Rate %
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Traded in Other Exchanges
N/A
Address
Airport Road 55, P.O. Box 21540, Safat, Opposite Kaifan Telecommunication, Shuwaikh, KWT, 13076
Website
https://alg.com.kw
Ali Alghanim Sons Automotive Co KSC is engaged in the automotive business. The Primary Activities of the Company are selling and purchasing cars and spare parts, importing and exporting light and heavy vehicles and cars, renting cars, maintaining light & heavy vehicles and cars, trading auto spare parts, and renting equipment and their maintenance. The Group is divided into four main geographical segments which are the State of Kuwait, Iraq, Egypt and the United Arab Emirates. The majority is derived from Kuwait.