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Garmin (BSP:G1RM34) Tax Rate % : 15.62% (As of Mar. 2024)


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What is Garmin Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Garmin's Tax Expense for the three months ended in Mar. 2024 was R$254 Mil. Garmin's Pre-Tax Income for the three months ended in Mar. 2024 was R$1,629 Mil. Therefore, Garmin's Tax Rate % for the quarter that ended in Mar. 2024 was 15.62%.

Garmin Tax Rate % Historical Data

The historical data trend for Garmin'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.

Garmin Tax Rate % Chart

Garmin 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 3.52 10.07 10.32 8.58 -7.44

Garmin 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 8.77 8.87 7.99 -41.53 15.62

Garmin Tax Rate % Calculation

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

Garmin'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 )
=-437.454/5881.504
=-7.44 %

Garmin'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 )
=254.363/1628.594
=15.62 %

* 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.

Garmin Tax Rate % Related Terms

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Garmin (BSP:G1RM34) Business Description

Industry
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Address
Muhlentalstrasse 2, Schaffhausen, CHE, 8200
Website
https://www.garmin.com
Garmin produces GPS-enabled hardware and software for five verticals: fitness, outdoors, auto, aviation, and marine. The company relies on licensing mapping data to enable its hardware specialized for often niche activities like scuba diving or sailing. Garmin operates in 100 countries and sells its products via distributors as well as relationships with original equipment manufacturers.

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