Otis Worldwide (WBO:OTIS) Tax Rate % : 25.20% (As of Mar. 2024)

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What is Otis Worldwide Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Otis Worldwide's Tax Expense for the three months ended in Mar. 2024 was €116 Mil. Otis Worldwide's Pre-Tax Income for the three months ended in Mar. 2024 was €460 Mil. Therefore, Otis Worldwide's Tax Rate % for the quarter that ended in Mar. 2024 was 25.20%.

Otis Worldwide Tax Rate % Historical Data

The historical data trend for Otis Worldwide'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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Otis Worldwide Tax Rate % Chart

Otis Worldwide Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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31.92

30.11

27.59

27.49

26.24

Otis Worldwide 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															26.67	24.91	25.75	27.88	25.20

Otis Worldwide Tax Rate % Calculation

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

Otis Worldwide'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 )
	=	488.761	/	1862.427
	=	26.24 %

Otis Worldwide'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 )
	=	115.92	/	460
	=	25.20 %

Otis Worldwide Tax Rate % Related Terms

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Otis Worldwide (WBO:OTIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Otis Worldwide Corp (WBO:OTIS) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

OTIS:USA OTIS:Mexico 4PG:Germany O1TI34:Brazil

Address

One Carrier Place, Farmington, CT, USA, 06032

Website

https://www.otis.com

Otis is the largest global elevator and escalator supplier by revenue with around 18% global market share. In 1854 Otis' founder and namesake Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed. The company's product and service lifecycle begins with installations of elevator units in new buildings, later selling maintenance services on the units, and eventually replacement of the units after the average 15- to 20-year useful life of an elevator. As the largest global OEM, Otis has amassed an installed base under service that exceeds 2 million elevators. Its business model is similar to that of its closest competitors Kone, Schindler, and TK Elevator.