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The Timken Co (FRA:TKH) Tax Rate % : 27.85% (As of Mar. 2024)


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What is The Timken Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. The Timken Co's Tax Expense for the three months ended in Mar. 2024 was €39 Mil. The Timken Co's Pre-Tax Income for the three months ended in Mar. 2024 was €141 Mil. Therefore, The Timken Co's Tax Rate % for the quarter that ended in Mar. 2024 was 27.85%.

The Timken Co Tax Rate % Historical Data

The historical data trend for The Timken Co'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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The Timken Co Tax Rate % Chart

The Timken Co 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 20.68 26.22 19.95 24.31 23.09

The Timken Co 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 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 25.27 26.67 26.81 -0.65 27.85

The Timken Co Tax Rate % Calculation

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

The Timken Co'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 )
=112.332/486.468
=23.09 %

The Timken Co'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 )
=39.284/141.036
=27.85 %

* 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.

The Timken Co Tax Rate % Related Terms

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The Timken Co (FRA:TKH) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » The Timken Co (FRA:TKH) » Definitions » Tax Rate %
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Traded in Other Exchanges
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Address
4500 Mount Pleasant Street North West, North Canton, OH, USA, 44720-5450
Website
https://www.timken.com
The Timken Company is a manufacturer of bearings, gear belts, and chain-related products. The company sells its portfolio of bearings, including tapered, spherical and cylindrical roller bearings, and thrust and ball bearings, through a network of authorised dealers to end users or directly to original equipment manufacturers. End-market sectors include general industrial, automotive, rail, energy, heavy truck, defense, agriculture, metals, mining, civil aerospace, construction, pulp and paper, and cement industries. Its segments are Mobile Industries and Process industries. Timken generates its revenue in the United States of America.

The Timken Co (FRA:TKH) Headlines

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