Avanceon (KAR:AVN) Tax Rate % : 4.31% (As of Sep. 2024)

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What is Avanceon Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Avanceon's Tax Expense for the three months ended in Sep. 2024 was ₨14 Mil. Avanceon's Pre-Tax Income for the three months ended in Sep. 2024 was ₨323 Mil. Therefore, Avanceon's Tax Rate % for the quarter that ended in Sep. 2024 was 4.31%.

Avanceon Tax Rate % Historical Data

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

Avanceon Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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5.27

11.69

9.02

14.30

29.83

Avanceon 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															6.70	40.63	73.19	19.23	4.31

Avanceon Tax Rate % Calculation

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

Avanceon'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 )
	=	1109.701	/	3720.439
	=	29.83 %

Avanceon'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 )
	=	13.929	/	323.011
	=	4.31 %

Avanceon Tax Rate % Related Terms

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Avanceon Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Avanceon Ltd (KAR:AVN) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

N/A

Address

19-KM, Main Multan Road, The Avanceon Building, Lahore, PB, PAK, 54660

Website

https://www.avanceon.ae

Avanceon Ltd provides total engineering solutions. The principal activity of the Company is to provide industrial automation, process control, and systems integration solutions, to trade in products of automation and control equipment, and to provide related technical services. It offers various solutions such as Automation, Project Management, Consulting, The Industrial Internet of Things, Serialization, and others. The company provides its services to various industries such as Food and Beverages, Life Sciences, Consumer Packaged Goods, Metal, and others. The firm's segment includes Core Business, Specialized Business, Engineering and Back Office, After Market Support, Manufacturing and Assembling, and the Middle East and USA.

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