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NemakB de CV (NemakB de CV) Tax Rate % : 37.91% (As of Mar. 2024)


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What is NemakB de CV Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. NemakB de CV's Tax Expense for the three months ended in Mar. 2024 was $15 Mil. NemakB de CV's Pre-Tax Income for the three months ended in Mar. 2024 was $40 Mil. Therefore, NemakB de CV's Tax Rate % for the quarter that ended in Mar. 2024 was 37.91%.

NemakB de CV Tax Rate % Historical Data

The historical data trend for NemakB de CV'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.

* Premium members only.

NemakB de CV Tax Rate % Chart

NemakB de CV 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 31.45 -24.07 94.71 52.76 -252.66

NemakB de CV 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 564.50 31.03 54.39 70.80 37.91

NemakB de CV Tax Rate % Calculation

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

NemakB de CV'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 )
=-3.133/1.24
=-252.66 %

NemakB de CV'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 )
=15.273/40.288
=37.91 %

* 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.

NemakB de CV Tax Rate % Related Terms

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NemakB de CV (NemakB de CV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nemak SAB de CV (OTCPK:NMAKF) » Definitions » Tax Rate %
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GISSAA TSE:6902 MBLY TSE:5108 APTV XPAR:ML ISX:ASII XKRX:012330 TSX:MG SHSE:600660 XTER:CON LKQ SHSE:601689 SZSE:002920 TSE:7259 BWA XTER:HLE TSE:5802 ALV SHSE:600741
Traded in Other Exchanges
NEMAKA:Mexico
Address
Libramiento Arco Vial Km. 3.8, Garcia, Mexico, NL, MEX, 66000
Website
https://www.nemak.com
Nemak SAB de CV is a Mexican company that is active in the automotive industry. The company is engaged in the production of complex aluminum components for powertrain and body structure applications. Its product portfolio includes cylinder heads, engine blocks, transmission parts, structural parts, cargo floor reinforcement, reinforcement side members, transmission housing, shock tower, cross member, support bracket, frame rail, and other components. The company has business operations in Canada, the United States, Mexico, Brazil, Spain, Germany, Poland, Russia, India, China, and others. Nemak earns nearly half of its revenue from North America.