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DRQ (Dril-Quip) Tax Rate % : 30.65% (As of Jun. 2024)


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What is Dril-Quip Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Dril-Quip's Tax Expense for the three months ended in Jun. 2024 was $-0.8 Mil. Dril-Quip's Pre-Tax Income for the three months ended in Jun. 2024 was $-2.6 Mil. Therefore, Dril-Quip's Tax Rate % for the quarter that ended in Jun. 2024 was 30.65%.

Dril-Quip Tax Rate % Historical Data

The historical data trend for Dril-Quip'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.

* Premium members only.

Dril-Quip Tax Rate % Chart

Dril-Quip 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 83.51 50.41 -2.35 134.53 95.52

Dril-Quip Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 37.64 -87.12 67.69 -20.34 30.65

Dril-Quip Tax Rate % Calculation

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

Dril-Quip'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 )
=12.864/13.468
=95.52 %

Dril-Quip's Tax Rate % for the quarter that ended in Jun. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Jun. 2024 )/Pre-Tax Income (Q: Jun. 2024 )
=-0.801/-2.613
=30.65 %

* 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.

Dril-Quip Tax Rate % Related Terms

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Dril-Quip Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Dril-Quip Inc (NYSE:DRQ) » Definitions » Tax Rate %
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Traded in Other Exchanges
N/A
Address
2050 West Sam Houston Parkway South, Suite 1100, Houston, TX, USA, 77042
Website
https://www.dril-quip.com
Dril-Quip Inc is a developer of inventive technologies for the energy industry, designing and manufacturing products for traditional oil and gas, and certain energy transition applications. The Company's revenues are generated from three sources, Product revenues are derived from the sale of drilling and production equipment. Service revenues are earned when the Company provides technical advisory assistance and rework and reconditioning services. Leasing revenues are derived from rental tools used during the installation and retrieval of the Company's products. The Company's operations are organized into three geographic segments, Western Hemisphere, Eastern Hemisphere (including Europe and Africa) and Asia-Pacific (including the Pacific Rim, Southeast Asia, Australia, etc.).
Executives
James C. Webster officer: VP - Gen Counsel & Secretary 13550 HEMPSTEAD HIGHWAY, HOUSTON TX 77040
Jeffrey J. Bird officer: Vice President and CFO 10260 WESTHEIMER RD., HOUSTON TX 77042
Kyle Mcclure officer: Vice President and CFO 10260 WESTHEIMER RD, SUITE 700, HOUSTON TX 77042
Terence Bartlett Jupp director 6401 N. ELDRIDGE PARKWAY, HOUSTON TX 77041
Donald M Underwood officer: VP - Subsea Products 6401 NORTH ELDRIDGE PKWY, HOUSTON TX 77041
Carri A. Lockhart director 6401 NORTH ELDRIDGE PKWY, HOUSTON TX 77041
A P Shukis director C/O CORPORATE STRATEGIES INC, 1170 ST JAMES PLACE SUITE 115, HOUSTON TX 77056
Blake T. Deberry director, officer: President and CEO 13550 HEMPSTEAD HIGHWAY, HOUSTON TX 77040
Raj Kumar officer: VP-Finance & Chief Acct. Off. 6401 N. ELDRIDGE PARKWAY, HOUSTON TX 77041
Darryl Keith Willis director 2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
John Lovoi director 3505 W SAM HOUSTON PKWY NORTH, SUITE 400, HOUSTON TX 77043
Amy B Schwetz director 701 MARKET STREET, ST. LOUIS MO 63101
James A. Gariepy officer: SR V.P. and COO 13550 HEMPSTEAD HIGHWAY, HOUSTON TX 77040
Jerry M Brooks officer: Chief Financial Officer
Robertson L H Dick director 39 LAKESIDE DRIVE, STAR HARBOR, MALAKOFF TX 75148