Ferrari NV (Ferrari NV) Tax Rate % : 19.93% (As of Dec. 2023)

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What is Ferrari NV Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Ferrari NV's Tax Expense for the three months ended in Dec. 2023 was $80 Mil. Ferrari NV's Pre-Tax Income for the three months ended in Dec. 2023 was $401 Mil. Therefore, Ferrari NV's Tax Rate % for the quarter that ended in Dec. 2023 was 19.93%.

Ferrari NV Tax Rate % Historical Data

The historical data trend for Ferrari NV'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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Ferrari NV Tax Rate % Chart

Ferrari NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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20.18

8.72

20.06

20.25

21.52

Ferrari NV 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															21.04	22.00	22.00	22.00	19.93

Ferrari NV Tax Rate % Calculation

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

Ferrari NV'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 )
	=	376.115	/	1747.387
	=	21.52 %

Ferrari NV'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 )
	=	79.926	/	401.074
	=	19.93 %

Ferrari NV Tax Rate % Related Terms

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Ferrari NV (Ferrari NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ferrari NV (NYSE:RACE) » Definitions » Tax Rate %

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Traded in Other Exchanges

RACEN:Mexico RACE:Italy RACEm:UK 0RDT:UK 2FE:Germany 2FE:Germany 2FE:Germany 2FE:Germany RACE:Austria

Address

Via Abetone Inferiore n. 4, Maranello, ITA, I-41053

Website

https://www.ferrari.com

Ferrari engineers and manufactures some of the world's most expensive exotic sports cars. The Ferrari brand is synonymous with Formula One racing, exclusivity, Italian design, and state-of-the-art technology. Ferrari also has a captive finance company that provides funding for dealers and clients. In 2022, Europe, Middle East, and Africa accounted for 48% of revenue, the Americas was 28%, China was 12%, and the rest of Asia was 12%.