Mercedes-Benz Group AG (Mercedes-Benz Group AG) Tax Rate % : 28.99% (As of Dec. 2023)

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What is Mercedes-Benz Group AG Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Mercedes-Benz Group AG's Tax Expense for the three months ended in Dec. 2023 was $1,407 Mil. Mercedes-Benz Group AG's Pre-Tax Income for the three months ended in Dec. 2023 was $4,853 Mil. Therefore, Mercedes-Benz Group AG's Tax Rate % for the quarter that ended in Dec. 2023 was 28.99%.

Mercedes-Benz Group AG Tax Rate % Historical Data

The historical data trend for Mercedes-Benz Group AG'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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Mercedes-Benz Group AG Tax Rate % Chart

Mercedes-Benz Group AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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29.27

32.33

30.11

27.06

27.65

Mercedes-Benz Group AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Tax Rate %	Get a 7-Day Free Trial															25.45	27.98	28.40	25.32	28.99

Mercedes-Benz Group AG Tax Rate % Calculation

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

Mercedes-Benz Group AG'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 )
	=	6055.616	/	21901.854
	=	27.65 %

Mercedes-Benz Group AG'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 )
	=	1406.761	/	4852.781
	=	28.99 %

Mercedes-Benz Group AG Tax Rate % Related Terms

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Mercedes-Benz Group AG (Mercedes-Benz Group AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mercedes-Benz Group AG (OTCPK:MBGAF) » Definitions » Tax Rate %

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Traded in Other Exchanges

MBGYY:USA DAI:Romania MBG:Mexico DAIMLER:Hungary MBGd:UK 0NXX:UK MBG:Germany MBG:Austria

Address

Mercedesstrasse 120, Stuttgart, BW, DEU, 70372

Website

https://www.daimler.com

Based in Stuttgart, Germany, Mercedes-Benz Group makes premium and luxury passenger vehicles and commercial vans. Brands include Mercedes-Benz, AMG, and Maybach. Mercedes-Benz Mobility provides the company's dealers and its customers with vehicle financing as well as mobility services in ride hailing, car sharing, and charging. Mercedes owns 9.74% of Aston Martin and 9.55% of Beijing Automotive Group. Through Tenaciou3 Prospect Investment, Li Shufu, chair of Chinese automaker Geely, owns 9.69% of Mercedes-Benz. Other major shareholders include Beijing Automotive Group at 9.98% and Kuwait Investment Authority at 4.9% (6.8% before the sale of a 1.9% stake in March 2023).

Executives