SKF AB (SKF AB) Tax Rate % : 26.45% (As of Mar. 2024)

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What is SKF AB Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. SKF AB's Tax Expense for the three months ended in Mar. 2024 was $69 Mil. SKF AB's Pre-Tax Income for the three months ended in Mar. 2024 was $261 Mil. Therefore, SKF AB's Tax Rate % for the quarter that ended in Mar. 2024 was 26.45%.

SKF AB Tax Rate % Historical Data

The historical data trend for SKF 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.

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SKF AB Tax Rate % Chart

SKF AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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31.61

28.98

24.68

33.43

26.18

SKF 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															26.61	23.60	20.98	40.54	26.45

SKF AB Tax Rate % Calculation

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

SKF 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 )
	=	234.363	/	895.044
	=	26.18 %

SKF 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 )
	=	69.156	/	261.447
	=	26.45 %

SKF AB Tax Rate % Related Terms

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SKF AB (SKF AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SKF AB (OTCPK:SKFRY) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

SKUFF:USA SKF B:Sweden SKF A:Sweden SKFB:Mexico SKFBs:UK 0NWX:UK SKFA:Germany

Address

Sven Wingquists Gata 2, Gothenburg, SWE, SE-415 50

Website

https://www.skf.com

SKF's history goes back to the first major patents in ball bearings, when in 1907 it was the first to patent the self-aligning ball bearing. SKF, along with the Schaeffler Group, are the top two global ball bearing suppliers followed by Timken, NSK, NTN, and JTEKT. Combined, these six companies supply about 60% of the world's ball bearings. However, most of them have sector niches as ball bearings for industrial purposes are engineered for specific applications. SKF is based out of Sweden and has a global manufacturing footprint of 106 sites and about 17,000 global distributor locations. The firm operates under two segments: industrials, which has a fairly fragmented customer base; and automotive, which is the opposite, with a concentrated customer base including the likes of Tesla.