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FMX (Fomento Economico MexicanoB de CV) Tax Rate % : 40.51% (As of Sep. 2024)


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What is Fomento Economico MexicanoB de CV Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Fomento Economico MexicanoB de CV's Tax Expense for the three months ended in Sep. 2024 was $301 Mil. Fomento Economico MexicanoB de CV's Pre-Tax Income for the three months ended in Sep. 2024 was $744 Mil. Therefore, Fomento Economico MexicanoB de CV's Tax Rate % for the quarter that ended in Sep. 2024 was 40.51%.

Fomento Economico MexicanoB de CV Tax Rate % Historical Data

The historical data trend for Fomento Economico MexicanoB de CV'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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Fomento Economico MexicanoB de CV Tax Rate % Chart

Fomento Economico MexicanoB de CV 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 32.44 76.74 31.56 28.55 22.43

Fomento Economico MexicanoB de CV Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 44.28 -113.76 36.00 29.65 40.51

Fomento Economico MexicanoB de CV Tax Rate % Calculation

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

Fomento Economico MexicanoB de CV'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 )
=764.158/3406.101
=22.43 %

Fomento Economico MexicanoB de CV's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2024 )/Pre-Tax Income (Q: Sep. 2024 )
=301.468/744.224
=40.51 %

* 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.

Fomento Economico MexicanoB de CV Tax Rate % Related Terms

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Fomento Economico MexicanoB de CV Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Fomento Economico Mexicano SAB de CV (NYSE:FMX) » Definitions » Tax Rate %
Comparable Companies
SEED CF UAN MOS BIOX GNVR XBRU:ABI STZ XAMS:HEIA BSP:ABEV3 XAMS:HEIO TSE:2502 SHSE:605499 OCSE:CARL B TAP TSX:TPX.B HKSE:01876 TSE:2503 SHSE:600600 HKSE:00291
Traded in Other Exchanges
FMXUF:USA FEMSAUB:Mexico FEMSAUBD:Mexico 0TD7:UK FOMC:Germany FOMA:Germany FOMA:Germany FMXB34:Brazil FMX:Argentina
Address
General Anaya No. 601 Pte., Colonia Bella Vista, Monterrey, NL, MEX, 64410
Website
https://www.femsa.com
Mexico-based Femsa is a beverage and retail conglomerate in Central and South America. The holding company owns controlling stakes in bottler Coca-Cola Femsa (47% economic stake, 56% voting rights), in addition to operating 100%-owned retail assets, including convenience stores under the Oxxo banner, drugstores, and gas stations. The firm divested its 15% stake in Heineken and its distribution business in 2023. Coca-Cola Femsa and the Oxxo chain made up 75% of total company revenue and around 90% of profits in 2023.