Matrix IT (XTAE:MTRX) Tax Rate % : 24.09% (As of Mar. 2024)

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What is Matrix IT Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Matrix IT's Tax Expense for the three months ended in Mar. 2024 was ₪23 Mil. Matrix IT's Pre-Tax Income for the three months ended in Mar. 2024 was ₪94 Mil. Therefore, Matrix IT's Tax Rate % for the quarter that ended in Mar. 2024 was 24.09%.

Matrix IT Tax Rate % Historical Data

The historical data trend for Matrix IT'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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Matrix IT Tax Rate % Chart

Matrix IT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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21.83

22.71

23.03

22.05

24.09

Matrix IT 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															22.74	23.61	25.58	24.58	24.09

Matrix IT Tax Rate % Calculation

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

Matrix IT'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 )
	=	78.331	/	325.186
	=	24.09 %

Matrix IT'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 )
	=	22.67	/	94.092
	=	24.09 %

Matrix IT Tax Rate % Related Terms

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Matrix IT (XTAE:MTRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Matrix IT Ltd (XTAE:MTRX) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Abba Eban Boulevard, Herzlia Pituach, ISR, 4612001

Website

http://www.matrix.co.il

Matrix IT Ltd is an information technology company. It manages segments such as software solutions and value added services in Israel, software product marketing and support services, computer infrastructure and integration solutions, training and implementation, and software solutions and services in USA. Majority of its revenue is derived from its software solutions and services segment. The company's revenue is generated from its Israel operations.