Volvo AB (LTS:0HTP) Tax Rate % : 23.53% (As of Mar. 2024)

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What is Volvo AB Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Volvo AB's Tax Expense for the three months ended in Mar. 2024 was kr4,339 Mil. Volvo AB's Pre-Tax Income for the three months ended in Mar. 2024 was kr18,442 Mil. Therefore, Volvo AB's Tax Rate % for the quarter that ended in Mar. 2024 was 23.53%.

Volvo AB Tax Rate % Historical Data

The historical data trend for Volvo 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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Volvo AB Tax Rate % Chart

Volvo AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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22.07

22.55

23.03

26.86

25.17

Volvo 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															23.00	24.92	24.38	28.41	23.53

Volvo AB Tax Rate % Calculation

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

Volvo 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 )
	=	16794	/	66726
	=	25.17 %

Volvo 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 )
	=	4339	/	18442
	=	23.53 %

Volvo AB Tax Rate % Related Terms

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Volvo AB (LTS:0HTP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Volvo AB (LTS:0HTP) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

VOLVF:USA VOLAF:USA VLVLY:USA VOLV B:Sweden VOLV A:Sweden VOLVBs:UK 0MHW:UK VOL1:Germany VOLVB:Czech Republic

Address

Gropegardsgatan 2, Gothenburg, SWE, 417 15

Website

https://www.volvogroup.com

Volvo AB drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase the customers' uptime and productivity.

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