Garanti Faktoring AS (IST:GARFA) Tax Rate % : 29.91% (As of Sep. 2024)

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What is Garanti Faktoring AS Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Garanti Faktoring AS's Tax Expense for the three months ended in Sep. 2024 was ₺165 Mil. Garanti Faktoring AS's Pre-Tax Income for the three months ended in Sep. 2024 was ₺552 Mil. Therefore, Garanti Faktoring AS's Tax Rate % for the quarter that ended in Sep. 2024 was 29.91%.

Garanti Faktoring AS Tax Rate % Historical Data

The historical data trend for Garanti Faktoring AS'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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Garanti Faktoring AS Tax Rate % Chart

Garanti Faktoring AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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21.25

22.45

21.01

24.49

29.54

Garanti Faktoring AS 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															32.79	35.32	30.31	28.72	29.91

Garanti Faktoring AS Tax Rate % Calculation

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

Garanti Faktoring AS'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 )
	=	438.055	/	1483.139
	=	29.54 %

Garanti Faktoring AS'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 )
	=	165.164	/	552.137
	=	29.91 %

Garanti Faktoring AS Tax Rate % Related Terms

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Garanti Faktoring AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Garanti Faktoring AS (IST:GARFA) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

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Address

Maslak Mahalles Eski Buyukdere Caddesi No. 23, Sariyer, Istanbul, TUR, 34398

Website

http://www.garantifactoring.com

Garanti Faktoring AS is a Turkish company which offers factoring services where time receivables of companies arising out of their domestic and overseas service sales are taken over by Garanti to offer one or more of financing, guarantee and collection services. The company focuses on trade financing and receivable-based financing and provides financing, guarantee and collection products. It offers financing service to customers whose goods/services sales are realized on the account and as check account sales and delivers regular cash flow. The company also affords supplier financing to supplier companies the benefit of payment of their receivables without waiting for maturity, and to buyer companies the benefit of payment due date extension.

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