Kordsa Teknik Tekstil AS (IST:KORDS) Tax Rate % : -23.78% (As of Mar. 2024)

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What is Kordsa Teknik Tekstil AS Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Kordsa Teknik Tekstil AS's Tax Expense for the three months ended in Mar. 2024 was ₺-19 Mil. Kordsa Teknik Tekstil AS's Pre-Tax Income for the three months ended in Mar. 2024 was ₺79 Mil. Therefore, Kordsa Teknik Tekstil AS's Tax Rate % for the quarter that ended in Mar. 2024 was -23.78%.

Kordsa Teknik Tekstil AS Tax Rate % Historical Data

The historical data trend for Kordsa Teknik Tekstil AS'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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Kordsa Teknik Tekstil AS Tax Rate % Chart

Kordsa Teknik Tekstil AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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18.46

12.46

8.52

5.47

-11.21

Kordsa Teknik Tekstil AS 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															21.88	149.75	38.07	1,491.17	-23.78

Kordsa Teknik Tekstil AS Tax Rate % Calculation

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

Kordsa Teknik Tekstil AS'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 )
	=	-39.996	/	356.919
	=	-11.21 %

Kordsa Teknik Tekstil AS'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 )
	=	-18.889	/	79.444
	=	-23.78 %

Kordsa Teknik Tekstil AS Tax Rate % Related Terms

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Kordsa Teknik Tekstil AS (IST:KORDS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kordsa Teknik Tekstil AS (IST:KORDS) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Alikahya Fatih Mahallesi Sanayici Caddesi No. 90, Izmit, Kocaeli, TUR, 41310

Website

https://www.kordsa.com

Kordsa Teknik Tekstil AS is a Turkey-based company tire reinforcement company, engaged in the manufacturing of nylon and polyester yarn, cord fabric and single-end cord products. It benefits the tire reinforcement and mechanical rubber market. The company offers carcass and industrial fabrics that are used in the structure of vehicle tires, and rubber and plastic materials, such as transmission belts, V belts, rubber hoses etc. Business is functioned through North America, South America, Asia, Europe, the Middle East, and Africa of which it derives a majority of revenue from North America.

Kordsa Teknik Tekstil AS (IST:KORDS) Headlines

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