Nidec (NJDCY) Tax Rate % : 325.15% (As of Mar. 2024)

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What is Nidec Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Nidec's Tax Expense for the three months ended in Mar. 2024 was $199 Mil. Nidec's Pre-Tax Income for the three months ended in Mar. 2024 was $61 Mil. Therefore, Nidec's Tax Rate % for the quarter that ended in Mar. 2024 was 325.15%.

Nidec Tax Rate % Historical Data

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

Nidec Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Tax Rate %

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28.32

19.70

20.03

62.10

37.62

Nidec 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															-173.91	25.20	28.14	16.80	325.15

Nidec Tax Rate % Calculation

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

Nidec's Tax Rate % for the fiscal year that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Mar. 2024 )	/	Pre-Tax Income (A: Mar. 2024 )
	=	509.496	/	1354.431
	=	37.62 %

Nidec'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 )
	=	199.127	/	61.241
	=	325.15 %

Nidec Tax Rate % Related Terms

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Nidec (NJDCY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nidec Corp (OTCPK:NJDCY) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

NNDNF:USA NIDEC:Mexico 6594:Japan NIB:Germany NIB:Austria

Address

338 Kuzetonoshiro-cho, Minami-ku, Kyoto, JPN, 601-8205

Website

http://www.nidec.com

Nidec is a global leader of brushless DC motors. Brushless DC motors have advantages over other types of motors in power efficiency, silence, and durability. Nidec possesses the number-one market share in a wide variety of products, such as hard disk drive motors, optical disk drive motors, vibration motors on handsets, brushless motors for inverter air conditioners, and brushless motors for electric power steering on automobiles. It continues to benefit from the growing demand for power-efficient motors, driven by strengthening environmental regulations. Nidec sets an ambitious target to increase its revenue to JPY 3 trillion in fiscal 2025 from JPY 1.9 trillion in fiscal 2021.