ConvaTec Group (LSE:CTEC) Tax Rate % : 18.38% (As of Dec. 2023)

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What is ConvaTec Group Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. ConvaTec Group's Tax Expense for the six months ended in Dec. 2023 was £13 Mil. ConvaTec Group's Pre-Tax Income for the six months ended in Dec. 2023 was £72 Mil. Therefore, ConvaTec Group's Tax Rate % for the quarter that ended in Dec. 2023 was 18.38%.

ConvaTec Group Tax Rate % Historical Data

The historical data trend for ConvaTec Group'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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ConvaTec Group Tax Rate % Chart

ConvaTec Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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48.15

35.60

22.27

23.20

22.16

ConvaTec Group Semi-Annual Data
	Dec13	Dec14	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														18.88	-4.77	59.22	26.71	18.38

ConvaTec Group Tax Rate % Calculation

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

ConvaTec Group'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 )
	=	29.309	/	132.246
	=	22.16 %

ConvaTec Group'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 )
	=	13.272	/	72.206
	=	18.38 %

ConvaTec Group Tax Rate % Related Terms

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ConvaTec Group (LSE:CTEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » ConvaTec Group PLC (LSE:CTEC) » Definitions » Tax Rate %

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CNVVF:USA CNVVY:USA CTECl:UK

Address

23 Forbury Road, 3 Forbury Place, Reading, GBR, RG1 3JH

Website

https://www.convatecgroup.com

Originally spun out of Bristol-Myers Squibb, Convatec designs, manufactures, and markets advanced wound care, ostomy, continence care, and infusion sets for the acute-care hospital and chronic-care home settings. Advanced wound care and continence care are the largest divisions, accounting for 30% and 26% of total revenue, respectively. Ostomy contributes 25% of revenue and infusion sets 19%.