GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Trane Technologies PLC (LTS:0Y2S) » Definitions » Tax Rate %

Trane Technologies (LTS:0Y2S) Tax Rate % : 18.71% (As of Sep. 2024)


View and export this data going back to 2020. Start your Free Trial

What is Trane Technologies Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Trane Technologies's Tax Expense for the three months ended in Sep. 2024 was $181 Mil. Trane Technologies's Pre-Tax Income for the three months ended in Sep. 2024 was $968 Mil. Therefore, Trane Technologies's Tax Rate % for the quarter that ended in Sep. 2024 was 18.71%.

Trane Technologies Tax Rate % Historical Data

The historical data trend for Trane Technologies'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.

Trane Technologies Tax Rate % Chart

Trane Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.06 23.04 18.62 17.31 19.41

Trane Technologies 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 19.78 15.97 19.16 21.16 18.71

Trane Technologies Tax Rate % Calculation

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

Trane Technologies'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 )
=498.4/2567.3
=19.41 %

Trane Technologies'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 )
=181.1/967.9
=18.71 %

* 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.

Trane Technologies Tax Rate % Related Terms

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

Trane Technologies Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Trane Technologies PLC (LTS:0Y2S) » Definitions » Tax Rate %
Comparable Companies
CARR JCI LII BLDR CSL OC MAS AAON WMS FBIN XPAR:SGO TSE:6367 XSWX:GEBN DUB:KRX OCSE:ROCK A OSTO:NIBE B SPXC LPX XSWX:BEAN TREX
Traded in Other Exchanges
TT:USA TT:Mexico 2IS:Germany 2IS:Germany I1RP34:Brazil
Address
170/175 Lakeview Drive, Airside Business Park, Swords County, Dublin, IRL
Website
https://www.tranetechnologies.com
Trane Technologies manufactures and services commercial and residential HVAC systems and transportation refrigeration solutions under its prominent Trane, American Standard, and Thermo King brands. The $18 billion company generates approximately 70% of sales from equipment and 30% from parts and services. While the firm is domiciled in Ireland, North America accounts for over 80% of its revenue.

Trane Technologies Headlines

No Headlines