Toro (TORO) Tax Rate % : 0.10% (As of Mar. 2024)

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What is Toro Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Toro's Tax Expense for the three months ended in Mar. 2024 was $0.02 Mil. Toro's Pre-Tax Income for the three months ended in Mar. 2024 was $22.15 Mil. Therefore, Toro's Tax Rate % for the quarter that ended in Mar. 2024 was 0.10%.

Toro Tax Rate % Historical Data

The historical data trend for Toro'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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Toro Tax Rate % Chart

Toro Annual Data

Trend

Dec21

Dec22

Dec23

Tax Rate %

-16.83

1.89

0.25

Toro Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial						0.87	0.17	0.10	0.09	0.10

Toro Tax Rate % Calculation

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

Toro'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 )
	=	0.351	/	140.988
	=	0.25 %

Toro'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 )
	=	0.022	/	22.15
	=	0.10 %

Toro Tax Rate % Related Terms

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Toro (TORO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Toro Corp (NAS:TORO) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

D0Y:Germany

Address

223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, Limassol, CYP, 3036

Website

https://www.torocorp.com

Toro Corp acquires, owns, charters, and operates oceangoing tanker vessels and provides worldwide seaborne transportation services for crude oil and refined petroleum products. It operates in two reportable segments: the Aframax tanker and Handysize tanker. The company generates maximum revenue from the Aframax tanker segment.