KONE Oyj (OHEL:KNEBV) Tax Rate % : 22.51% (As of Mar. 2024)

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What is KONE Oyj Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. KONE Oyj's Tax Expense for the three months ended in Mar. 2024 was €60 Mil. KONE Oyj's Pre-Tax Income for the three months ended in Mar. 2024 was €266 Mil. Therefore, KONE Oyj's Tax Rate % for the quarter that ended in Mar. 2024 was 22.51%.

KONE Oyj Tax Rate % Historical Data

The historical data trend for KONE Oyj'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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KONE Oyj Tax Rate % Chart

KONE Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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22.91

22.62

22.57

23.73

22.77

KONE Oyj 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															23.02	22.06	22.49	23.41	22.51

KONE Oyj Tax Rate % Calculation

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

KONE Oyj'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 )
	=	274.6	/	1206.1
	=	22.77 %

KONE Oyj'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 )
	=	59.8	/	265.7
	=	22.51 %

KONE Oyj Tax Rate % Related Terms

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KONE Oyj (OHEL:KNEBV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » KONE Oyj (OHEL:KNEBV) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

KNYJY:USA KNYJF:USA 1KNEBV:Italy KNEBVh:UK 0II2:UK KC4:Germany

Address

Keilasatama 3, P.O. Box 7, Espoo, FIN, FI-02150

Website

https://www.kone.com

Kone is a global top-four supplier of elevators and escalators. Kone began producing elevators in Finland in 1918 and today generates revenue in three ways: selling new elevators and escalators, modernizing old equipment, and servicing its installed base. Most of the company's profit comes from the last activity, where contracts are rolled over annually with built-in price increases. The bulk of Kone's business is in elevators, which are more numerous globally than escalators. Its business model is similar to its closest competitors Otis, Schindler, and TK Elevator.

KONE Oyj (OHEL:KNEBV) Headlines

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