Tenaris (Tenaris) Tax Rate % : -18.25% (As of Dec. 2023)

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What is Tenaris Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Tenaris's Tax Expense for the three months ended in Dec. 2023 was $-177 Mil. Tenaris's Pre-Tax Income for the three months ended in Dec. 2023 was $969 Mil. Therefore, Tenaris's Tax Rate % for the quarter that ended in Dec. 2023 was -18.25%.

Tenaris Tax Rate % Historical Data

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

Tenaris Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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21.68

-3.74

15.24

19.50

14.57

Tenaris 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															24.33	20.77	19.64	33.72	-18.25

Tenaris Tax Rate % Calculation

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

Tenaris'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 )
	=	674.956	/	4632.789
	=	14.57 %

Tenaris'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 )
	=	-176.848	/	968.933
	=	-18.25 %

Tenaris Tax Rate % Related Terms

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Tenaris (Tenaris) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tenaris SA (NYSE:TS) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

TNRSF:USA TEN:Italy TENm:UK 0HXB:UK TW10:Germany T1SS34:Brazil

Address

26, Boulevard Royal, 4th Floor, Luxembourg, LUX, L-2449

Website

https://www.tenaris.com

Tenaris is one of the largest global producers of oil country tubular goods, or OCTG, which are used primarily in the construction of oil and gas wells. The company's production facilities are located primarily in the U.S., Argentina, Mexico, and Italy. Tenaris' premium OCTG products are among the most trusted by oil companies for use in the most challenging applications, including deep-water offshore wells and horizontal shale wells.