Chipotle Mexican Grill (BSP:C1MG34) Tax Rate % : 22.01% (As of Mar. 2024)

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What is Chipotle Mexican Grill Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Chipotle Mexican Grill's Tax Expense for the three months ended in Mar. 2024 was R$505 Mil. Chipotle Mexican Grill's Pre-Tax Income for the three months ended in Mar. 2024 was R$2,294 Mil. Therefore, Chipotle Mexican Grill's Tax Rate % for the quarter that ended in Mar. 2024 was 22.01%.

Chipotle Mexican Grill Tax Rate % Historical Data

The historical data trend for Chipotle Mexican Grill'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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Chipotle Mexican Grill Tax Rate % Chart

Chipotle Mexican Grill Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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23.59

-21.10

19.66

23.90

24.18

Chipotle Mexican Grill 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															22.55	23.75	24.22	26.22	22.01

Chipotle Mexican Grill Tax Rate % Calculation

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

Chipotle Mexican Grill'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 )
	=	1919.59	/	7940.155
	=	24.18 %

Chipotle Mexican Grill'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 )
	=	504.797	/	2293.975
	=	22.01 %

Chipotle Mexican Grill Tax Rate % Related Terms

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Chipotle Mexican Grill (BSP:C1MG34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Chipotle Mexican Grill Inc (BSP:C1MG34) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

CMG:USA CMG:Mexico

Address

610 Newport Center Drive, Suite 1100, Newport Beach, CA, USA, 92660

Website

https://www.chipotle.com

Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $8.6 billion in 2022. The Mexican concept is predominately company-owned (it recently inked a development agreement with Alshaya Group in the Middle East), with a footprint of nearly 3,200 stores at the end of 2022, heavily indexed to the United States, although the firm maintains a small presence in Canada, the U.K., France, and Germany. Chipotle sells burritos, burrito bowls, tacos, quesadillas, and beverages, with a selling proposition built around competitive prices, high-quality food sourcing, speed of service, and convenience. The company generates its revenue entirely from restaurant sales and delivery fees.

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