Microchip Technology (BSP:M1CH34) Tax Rate % : 13.44% (As of Dec. 2023)

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What is Microchip Technology Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Microchip Technology's Tax Expense for the three months ended in Dec. 2023 was R$319 Mil. Microchip Technology's Pre-Tax Income for the three months ended in Dec. 2023 was R$2,373 Mil. Therefore, Microchip Technology's Tax Rate % for the quarter that ended in Dec. 2023 was 13.44%.

Microchip Technology Tax Rate % Historical Data

The historical data trend for Microchip Technology'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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Microchip Technology Tax Rate % Chart

Microchip Technology Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Tax Rate %

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-74.03

-279.39

-2.92

13.29

23.10

Microchip Technology 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															23.87	24.67	21.44	20.03	13.44

Microchip Technology Tax Rate % Calculation

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

Microchip Technology's Tax Rate % for the fiscal year that ended in Mar. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Mar. 2023 )	/	Pre-Tax Income (A: Mar. 2023 )
	=	3500.179	/	15155.463
	=	23.10 %

Microchip Technology'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 )
	=	318.977	/	2372.973
	=	13.44 %

Microchip Technology Tax Rate % Related Terms

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Microchip Technology (BSP:M1CH34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Microchip Technology Inc (BSP:M1CH34) » Definitions » Tax Rate %

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Address

2355 West Chandler Boulevard, Chandler, AZ, USA, 85224-6199

Website

https://www.microchip.com

Microchip Technology became an independent company in 1989 when it was spun off from General Instrument. More than half of revenue comes from MCUs, which are used in a wide array of electronic devices from remote controls to garage door openers to power windows in autos. The company's strength lies in lower-end 8-bit MCUs that are suitable for a wider range of less technologically advanced devices, but the firm has expanded its presence in higher-end MCUs and analog chips as well.

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