Culp (CULP) Tax Rate %

: -47.52% (As of Jan. 2024)

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Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Culp's Tax Expense for the three months ended in Jan. 2024 was $1.0 Mil. Culp's Pre-Tax Income for the three months ended in Jan. 2024 was $-2.2 Mil. Therefore, Culp's Tax Rate % for the quarter that ended in Jan. 2024 was -47.52%.

Culp Tax Rate % Historical Data

The historical data trend for Culp'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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Culp Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Tax Rate %

51.38

-43.68

70.71

-888.00

-11.03

Culp Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Tax Rate %																-3.29	-20.55	-26.54	-27.04	-47.52

Culp Tax Rate % Calculation

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

Culp's Tax Rate % for the fiscal year that ended in Apr. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Apr. 2023 )	/	Pre-Tax Income (A: Apr. 2023 )
	=	3.13	/	-28.39
	=	-11.03 %

Culp's Tax Rate % for the quarter that ended in Jan. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Jan. 2024 )	/	Pre-Tax Income (Q: Jan. 2024 )
	=	1.027	/	-2.161
	=	-47.52 %

Culp Tax Rate % Related Terms

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Culp (CULP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Culp Inc (NYSE:CULP) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

CUZ:Germany

Address

1823 Eastchester Drive, High Point, NC, USA, 27265

Website

https://www.culp.com

Culp Inc manufactures, sources, and markets mattress fabrics and sewn covers used for covering mattresses and box springs and upholstery fabrics including cut and sewn kits used in the production of upholstered furniture. The company has two operating segments Mattress fabrics and Upholstery fabrics. The mattress fabrics segment, also known as Culp Home Fashions, manufactures and markets mattress fabrics and mattress covers to bedding manufacturers. The upholstery fabrics segment markets fabrics for residential and commercial furniture, including jacquard woven fabrics, velvets, micro denier suedes, woven dobbies, knitted fabrics, piece-dyed woven products, and polyurethane leather look fabrics.

Executives

Jonathan Lee Kelly	director	1823 EASTCHESTER DRIVE, HIGH POINT NC 27265
Kimberly Bullock Gatling	director	1823 EASTCHESTER DRIVE, HIGH POINT NC 27265
Thomas Bruno	officer: President, Culp Home Fashions	1823 EASTCHESTER DRIVE, HIGH POINT NC 27265
John Allen Baugh	director	1823 EASTCHESTER DRIVE, HIGH POINT NC 27265
Gallagher Thomas Bernard Jr	officer: Chief Accounting Officer	1823 EASTCHESTER DRIVE, HIGH POINT NC 27265
Perry E Davis	director	NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Fred A Jackson	director	C/O FUDDICK CORP, 301 S TRYON ST STE 1800, CHARLOTTE NC 28202
Teresa Atkins Huffman	officer: Senior VP, Human Resources	1823 EASTCHESTER DRIVE, HIGH POINT NC 27265
Sharon A Decker	director	4100 COCA COLA PLAZA, CHARLOTTE NC 28211
Franklin N Saxon	director, officer: President and COO	8508 MAHALA DR, HIGH POINT NC 27265
Culp Robert George Iv	officer: President, CHF division	101 SOUTH MAIN STREET, HIGH POINT NC 27260
Kenneth W Mcallister	director	220 CASCADE DR, HIGH POINT NC 27265
Ashley Carter Durbin	officer: VP, General Counsel, Secretary	1823 EASTCHESTER DRIVE, HIGH POINT NC 27265
Cassandra J Brown	officer: President, Culp Home Fashions	7209 HWY 158, STOKESDALE NC 27357
Culp Robert G Iii	director, 10 percent owner, officer: Chairman and CEO	903 FORREST HILL DR, HIGH POINT NC 27262