Firstrand (JSE:FSR) Tax Rate % : 24.60% (As of Dec. 2023)

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What is Firstrand Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Firstrand's Tax Expense for the six months ended in Dec. 2023 was R6,837 Mil. Firstrand's Pre-Tax Income for the six months ended in Dec. 2023 was R27,796 Mil. Therefore, Firstrand's Tax Rate % for the quarter that ended in Dec. 2023 was 24.60%.

Firstrand Tax Rate % Historical Data

The historical data trend for Firstrand'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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Firstrand Tax Rate % Chart

Firstrand Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Tax Rate %

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23.56

20.52

24.08

26.04

23.96

Firstrand Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Tax Rate %	Get a 7-Day Free Trial															25.74	26.31	25.16	22.74	24.60

Firstrand Tax Rate % Calculation

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

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

Tax Rate %	=	Tax Expense (A: Jun. 2023 )	/	Pre-Tax Income (A: Jun. 2023 )
	=	12196	/	50908
	=	23.96 %

Firstrand's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	6837	/	27796
	=	24.60 %

Firstrand Tax Rate % Related Terms

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Firstrand (JSE:FSR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Firstrand Ltd (JSE:FSR) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

FANDY:USA FST:Namibia FSRA:Germany

Address

Corner Fredman Drive and Rivonia Road, 4 Merchant Place, C Low, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.firstrand.co.za

Firstrand Ltd wholly owns FirstRand Bank, a full-service bank providing a comprehensive range of retail, commercial, corporate and investment banking services in South Africa and offers niche products. The bank has three divisions, which are separately branded: First National Bank (FNB), WesBank and Rand Merchant Bank (RMB). The bank's retail and commercial brand is the contributor of normalized earnings, followed by its corporate and investment brand. FirstRand's retail and commercial division emphasizes a diverse range of financial services with a strategic emphasis on cost controls and digital platforms. The bank's corporate and investment brand heavily relies on its origination franchise as part of its value proposition.

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