Flex (FRA:FXI) Tax Rate % : -237.61% (As of Mar. 2024)

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What is Flex Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Flex's Tax Expense for the three months ended in Mar. 2024 was €-256 Mil. Flex's Pre-Tax Income for the three months ended in Mar. 2024 was €108 Mil. Therefore, Flex's Tax Rate % for the quarter that ended in Mar. 2024 was -237.61%.

Flex Tax Rate % Historical Data

The historical data trend for Flex'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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Flex Tax Rate % Chart

Flex Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Tax Rate %

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44.65

14.15

10.05

-6.06

-30.93

Flex 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															-74.52	11.72	-24.92	24.10	-237.61

Flex Tax Rate % Calculation

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

Flex's Tax Rate % for the fiscal year that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Mar. 2024 )	/	Pre-Tax Income (A: Mar. 2024 )
	=	-189.52	/	612.72
	=	-30.93 %

Flex'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 )
	=	-255.76	/	107.64
	=	-237.61 %

Flex Tax Rate % Related Terms

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Flex (FRA:FXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Flex Ltd (FRA:FXI) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

FLEX:USA FLEX:Mexico

Address

2 Changi South Lane, Singapore, SGP, 486123

Website

https://www.flex.com

Flex Ltd is a contract manufacturing company providing comprehensive electronics design, manufacturing, and product management services to global electronics and technology companies. The company's operating segments include Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. Flex Agility Solutions segment includes markets such as Communications, Enterprise and Cloud; Lifestyle; and Consumer Devices. Flex Reliability Solutions segment includes markets such as Automotive, Health Solutions, and Industrial. The Nextracker segment provides solar tracker technologies that optimize and increase energy production. The company's geographical segments include China, Mexico, the United States, Brazil, Malaysia, Hungary, and Others.