GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Garrett Motion Inc (NAS:GTXAP.PFD) » Definitions » Tax Rate %

GTXAP.PFD (Garrett Motion) Tax Rate % : 31.58% (As of Sep. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Garrett Motion Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Garrett Motion's Tax Expense for the three months ended in Sep. 2024 was $24.00 Mil. Garrett Motion's Pre-Tax Income for the three months ended in Sep. 2024 was $76.00 Mil. Therefore, Garrett Motion's Tax Rate % for the quarter that ended in Sep. 2024 was 31.58%.

Garrett Motion Tax Rate % Historical Data

The historical data trend for Garrett Motion'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.

Garrett Motion Tax Rate % Chart

Garrett Motion Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only 9.54 32.77 7.99 21.37 24.78

Garrett Motion 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 18.57 23.53 18.52 26.44 31.58

Garrett Motion Tax Rate % Calculation

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

Garrett Motion'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 )
=86/347
=24.78 %

Garrett Motion'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 )
=24/76
=31.58 %

* 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.

Garrett Motion Tax Rate % Related Terms

Thank you for viewing the detailed overview of Garrett Motion's Tax Rate % provided by GuruFocus.com. Please click on the following links to see related term pages.

Garrett Motion Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Garrett Motion Inc (NAS:GTXAP.PFD) » Definitions » Tax Rate %
Comparable Companies
DAN MOD THRM ECX XPEL PHIN LAZR DORM QS MNRO TSE:6902 MBLY TSE:5108 APTV XPAR:ML ISX:ASII XKRX:012330 TSX:MG SHSE:600660 XTER:CON
Traded in Other Exchanges
GTX:USA G02:Germany
Address
La Piece 16, Rolle, CHE, 1180
Website
https://www.garrettmotion.com
Garrett Motion Inc designs, manufactures and sells engineered turbocharger and electric-boosting technologies for light and commercial vehicle original equipment manufacturers (OEMs). The company is a technology leader with expertise in delivering products across gasoline, diesel, natural gas and electrified powertrains. The company also sells its technologies in the aftermarket through its distribution network. The company derives maximum of its revenue from Gas and geographically from Europe.