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Sandvik AB (Sandvik AB) Tax Rate % : 26.13% (As of Mar. 2024)


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What is Sandvik AB Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Sandvik AB's Tax Expense for the three months ended in Mar. 2024 was $42 Mil. Sandvik AB's Pre-Tax Income for the three months ended in Mar. 2024 was $162 Mil. Therefore, Sandvik AB's Tax Rate % for the quarter that ended in Mar. 2024 was 26.13%.

Sandvik AB Tax Rate % Historical Data

The historical data trend for Sandvik AB'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.

Sandvik AB Tax Rate % Chart

Sandvik AB 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 28.16 22.33 22.18 27.53 22.70

Sandvik AB 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 24.63 24.89 22.06 19.63 26.13

Sandvik AB Tax Rate % Calculation

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

Sandvik AB'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 )
=438.017/1929.691
=22.70 %

Sandvik AB'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 )
=42.358/162.132
=26.13 %

* 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.

Sandvik AB Tax Rate % Related Terms

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Sandvik AB (Sandvik AB) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sandvik AB (OTCPK:SDVKY) » Definitions » Tax Rate %
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Address
Kungsbron 1, Section G, Floor 6, Stockholm, SWE, 111 22
Website
https://www.sandvik.com
Sandvik is a manufacturer of specialized tools and mining equipment used predominantly by global mining, engineering, and automotive customers. The company's core operations are in metal cutting and mining equipment. The company has a well-documented history, having been founded in 1862 and listed on the Nordic Exchange in Stockholm in 1901.Europe is the largest contributor to group sales at 27%, followed by North America 25%, Asia 19%, Australia 12%, Africa/Middle East 11%, and South America 6%.