Lenzing AG (STU:LEN) Tax Rate % : -51.69% (As of Mar. 2024)

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What is Lenzing AG Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Lenzing AG's Tax Expense for the three months ended in Mar. 2024 was €9 Mil. Lenzing AG's Pre-Tax Income for the three months ended in Mar. 2024 was €-18 Mil. Therefore, Lenzing AG's Tax Rate % for the quarter that ended in Mar. 2024 was -51.69%.

Lenzing AG Tax Rate % Historical Data

The historical data trend for Lenzing AG'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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Lenzing AG Tax Rate % Chart

Lenzing AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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29.85

147.62

30.18

-270.23

-1.25

Lenzing AG 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															12.53	55.56	-183.49	0.50	-51.69

Lenzing AG Tax Rate % Calculation

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

Lenzing AG'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 )
	=	7.322	/	-585.63
	=	-1.25 %

Lenzing AG'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 )
	=	9.2	/	-17.8
	=	-51.69 %

Lenzing AG Tax Rate % Related Terms

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Lenzing AG (STU:LEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Lenzing AG (STU:LEN) » Definitions » Tax Rate %

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Traded in Other Exchanges

LNZNF:USA 0NCV:UK LEN:Germany LNZ:Austria

Address

Werkstrasse 2, Lenzing, AUT, 4860

Website

https://www.lenzing.com

Lenzing AG manufactures and sells wood-based cellulose fibers and other chemical-based products. The company's segment includes The Division Fiber produces all three generations of wood-based cellulosic fibers and markets them under the product brands TENCEL, VEOCEL, LENZING ECOVERO, and LENZING. the products made from lyocell, modal, and viscose fibers are used for the production of textiles as well as nonwovens and special applications, The Division Pulp produces and procures dissolving pulp for fiber production. The pulp is used for the company's own cellulosic fiber production and marketed externally, and Others include central headquarters functions. It derives a majority of its revenue from the Division fiber segment.