Grenke AG (LTS:0R97) Tax Rate % : 23.12% (As of Sep. 2024)

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What is Grenke AG Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Grenke AG's Tax Expense for the three months ended in Sep. 2024 was €3.6 Mil. Grenke AG's Pre-Tax Income for the three months ended in Sep. 2024 was €15.6 Mil. Therefore, Grenke AG's Tax Rate % for the quarter that ended in Sep. 2024 was 23.12%.

Grenke AG Tax Rate % Historical Data

The historical data trend for Grenke AG'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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Grenke AG Tax Rate % Chart

Grenke AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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18.08

23.21

22.93

24.18

21.46

Grenke AG 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															21.47	20.49	20.50	22.94	23.12

Grenke AG Tax Rate % Calculation

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

Grenke AG'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 )
	=	23.689	/	110.403
	=	21.46 %

Grenke AG'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 )
	=	3.611	/	15.619
	=	23.12 %

Grenke AG Tax Rate % Related Terms

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Grenke AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Grenke AG (LTS:0R97) » Definitions » Tax Rate %

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Traded in Other Exchanges

GKSGF:USA GLJd:UK GLJ:Germany GLJ:Germany GLJ:Germany GLJ:Germany GLJ:Austria

Address

Neuer Markt 2, Baden-Baden, DEU, 76532

Website

https://www.grenke.de

Grenke AG is a financial services company that, under a franchise model, provides operational infrastructure, and other support services. The firm retains the right to acquire the franchisee based on a predetermined formula and time frame. Grenke's reporting segments include; The Leasing segment which generates key revenue, and consists of financing to commercial lessees, rental, service, protection and maintenance offerings, and the disposal of used equipment. The Banking segment acts as a financing partner, particularly to small- and medium-sized companies, and the Factoring segment offers traditional factoring services with a focus on small-ticket factoring. Geographically, the majority of the company's revenue is generated from France and rest from Italy, Germany and other regions.

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