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Independent Petroleum Group KSCP (KUW:IPG) Tax Rate % : 4.47% (As of Mar. 2024)


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What is Independent Petroleum Group KSCP Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Independent Petroleum Group KSCP's Tax Expense for the three months ended in Mar. 2024 was KWD0 Mil. Independent Petroleum Group KSCP's Pre-Tax Income for the three months ended in Mar. 2024 was KWD2 Mil. Therefore, Independent Petroleum Group KSCP's Tax Rate % for the quarter that ended in Mar. 2024 was 4.47%.

Independent Petroleum Group KSCP Tax Rate % Historical Data

The historical data trend for Independent Petroleum Group KSCP'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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Independent Petroleum Group KSCP Tax Rate % Chart

Independent Petroleum Group KSCP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.51 3.50 3.49 3.50 3.50

Independent Petroleum Group KSCP 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.43 3.52 3.48 3.50 4.47

Independent Petroleum Group KSCP Tax Rate % Calculation

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

Independent Petroleum Group KSCP'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 )
=0.287/8.205
=3.50 %

Independent Petroleum Group KSCP'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 )
=0.077/1.723
=4.47 %

* 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.

Independent Petroleum Group KSCP Tax Rate % Related Terms

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Independent Petroleum Group KSCP (KUW:IPG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Independent Petroleum Group KSCP (KUW:IPG) » Definitions » Tax Rate %
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Traded in Other Exchanges
N/A
Address
Block 1A, Street 7, 4th Ring Road, P.O. Box 24027, Building, No. 18, Jabriya, Safat, KWT, 13101
Website
https://ipg.com.kw
Independent Petroleum Group KSCP is engaged in the trading and marketing of crude oil, petroleum products. The trading of crude oil and petroleum products is also related to storage and distribution operations. LPG, petrochemicals, and fertilizers. In addition to this core activity, it has interests in terminalling, pipelines, and shipping. The company is involved in trading of the following petroleum products - Motor gasoline, Jet fuels, Crude oils, Gas, Asphalt, and Naphtha. The group operates in Africa, the Middle East, Europe, Asia and the Far East where Africa and the Middle East region generates maximum revenue.