GLCNF (Glencore) Tax Rate % : -143.78% (As of Jun. 2024)

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What is Glencore Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Glencore's Tax Expense for the six months ended in Jun. 2024 was $532 Mil. Glencore's Pre-Tax Income for the six months ended in Jun. 2024 was $-370 Mil. Therefore, Glencore's Tax Rate % for the quarter that ended in Jun. 2024 was -143.78%.

Glencore Tax Rate % Historical Data

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

Glencore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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-69.59

22.87

41.03

27.83

40.74

Glencore Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Tax Rate %	Get a 7-Day Free Trial															24.46	35.69	28.85	-81.79	-143.78

Glencore Tax Rate % Calculation

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

Glencore'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 )
	=	2207	/	5417
	=	40.74 %

Glencore'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 )
	=	532	/	-370
	=	-143.78 %

Glencore Tax Rate % Related Terms

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Glencore Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Glencore PLC (OTCPK:GLCNF) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

GLN:South Africa GLNCY:USA 0IVW:UK GLENl:UK GLEN:UK 8GC:Germany

Address

Baarermattstrasse 3, Baar, CHE, CH-6340

Website

https://www.glencore.com

Glencore is one of the world's largest commodities traders, active in markets for metals and minerals, energy products, and agricultural goods. The firm's marketing business provides sourcing, logistics, transportation, storage, and financing services to commodity producers and consumers around the globe. Core exposures are in the production of thermal coal, coking coal, copper, zinc, nickel, cobalt, and ferroalloys. Unlike other major miners, Glencore plans to produce thermal coal until its mines exhaust, arguing that it is better for listed, western companies to own these assets and then rehabilitate them consistent with western standards. It also expanded its coking coal exposure via the purchase of 77% of Teck's metallurgical coal business in July 2024.