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Lanxess AG (WBO:LXS) Tax Rate % : 17.65% (As of Mar. 2024)


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What is Lanxess AG Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Lanxess AG's Tax Expense for the three months ended in Mar. 2024 was €-21 Mil. Lanxess AG's Pre-Tax Income for the three months ended in Mar. 2024 was €-119 Mil. Therefore, Lanxess AG's Tax Rate % for the quarter that ended in Mar. 2024 was 17.65%.

Lanxess AG Tax Rate % Historical Data

The historical data trend for Lanxess 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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Lanxess AG Tax Rate % Chart

Lanxess AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.35 15.36 28.83 28.02 11.09

Lanxess AG 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.08 7.64 7.75 12.86 17.65

Lanxess AG Tax Rate % Calculation

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

Lanxess 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 )
=-105/-947
=11.09 %

Lanxess AG'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 )
=-21/-119
=17.65 %

* 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.

Lanxess AG Tax Rate % Related Terms

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Lanxess AG (WBO:LXS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Lanxess AG (WBO:LXS) » Definitions » Tax Rate %
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Traded in Other Exchanges
LNXSY:USA LNXSF:USA 1LXS:Italy LXSd:UK 0H7I:UK LX9B:Germany LXS:Germany LXS:Germany LXS:Germany LXS:Germany
Address
Kennedyplatz 1, Cologne, DEU, 50569
Website
https://www.lanxess.com
Lanxess is a German chemical company that was originally spun out of Bayer. Lanxess has visibly decommoditised its portfolio in recent years by divesting its synthetic rubber business and is moving toward becoming a specialty chemicals company in the fields of consumer protection chemicals, specialty additives, intermediates, and engineering plastics.

Lanxess AG (WBO:LXS) Headlines

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