Hammond Power Solutions (Hammond Power Solutions) Tax Rate % : 12.24% (As of Dec. 2023)

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What is Hammond Power Solutions Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Hammond Power Solutions's Tax Expense for the three months ended in Dec. 2023 was $2.1 Mil. Hammond Power Solutions's Pre-Tax Income for the three months ended in Dec. 2023 was $16.9 Mil. Therefore, Hammond Power Solutions's Tax Rate % for the quarter that ended in Dec. 2023 was 12.24%.

Hammond Power Solutions Tax Rate % Historical Data

The historical data trend for Hammond Power Solutions'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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Hammond Power Solutions Tax Rate % Chart

Hammond Power Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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30.66

32.93

28.58

21.59

24.52

Hammond Power Solutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Tax Rate %	Get a 7-Day Free Trial															8.90	28.16	27.99	30.95	12.24

Hammond Power Solutions Tax Rate % Calculation

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

Hammond Power Solutions'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 )
	=	15.351	/	62.607
	=	24.52 %

Hammond Power Solutions's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	2.069	/	16.904
	=	12.24 %

Hammond Power Solutions Tax Rate % Related Terms

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Hammond Power Solutions (Hammond Power Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hammond Power Solutions Inc (OTCPK:HMDPF) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

T11:Germany HPS.A:Canada

Address

595 Southgate Drive, Guelph, ON, CAN, N1G 3W6

Website

https://www.hammondpowersolutions.com

Hammond Power Solutions Inc is engaged in designing and manufacturing of custom electrical magnetics, cast resin, custom liquid filled distribution and power transformers and standard electrical transformers, serving the electrical and electronic industries. The company has manufacturing plants in Canada, the United States, Mexico and India. The company operates in various geographical markets including Canada, the United States, Mexico, and India in which it derives majority revenue in the United States and Mexico.

Hammond Power Solutions (Hammond Power Solutions) Headlines

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