Banco Actinver (MEX:FSITES20) Tax Rate %: 28.58% (As of Jun. 2024)

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MEX:FSITES20 Banco Actinver SA MEX:FSITES20
40 GF Score
Price MXN26.00
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What is Banco Actinver Tax Rate %?

Banco Actinver MEX:FSITES20 40 Tax Rate % is 28.58% as of Jun. 2024. GuruFocus rates MEX:FSITES20 with a GF Score™ of 40/100.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Banco Actinver's Tax Expense for the three months ended in Jun. 2024 was MXN59 Mil. Banco Actinver's Pre-Tax Income for the three months ended in Jun. 2024 was MXN205 Mil. Therefore, Banco Actinver's Tax Rate % for the quarter that ended in Jun. 2024 was 28.58%.

Banco Actinver Tax Rate % Related Terms

Banco Actinver Tax Rate % Historical Data

* Premium members only.

The historical data trend for Banco Actinver'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.

Banco Actinver Tax Rate % Chart

Banco Actinver 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 29.04 40.00 17.01 25.09 26.44

Banco Actinver Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 29.05 23.94 18.78 29.47 28.58
MEX:FSITES20
40GF Score
Banco Actinver SA MEX:FSITES20
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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Banco Actinver Tax Rate % Calculation

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

Banco Actinver'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 )
=285/1078
=26.44 %

Banco Actinver's Tax Rate % for the quarter that ended in Jun. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Jun. 2024 )/Pre-Tax Income (Q: Jun. 2024 )
=58.605/205.081
=28.58 %

* 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.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 28.58% mean?
Banco Actinver (MEX:FSITES20) has a Tax Rate % of 28.58% as of Jun. 2024.
Is Banco Actinver's Tax Rate % too high?
Banco Actinver's current Tax Rate % is 28.58%. Overall, Banco Actinver has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Banco Actinver's Tax Rate % compare to competitors?
Banco Actinver's Tax Rate % of 28.58% can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for an Asset Management company?
A good Tax Rate % depends on the Asset Management industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Banco Actinver's current Tax Rate % is 28.58%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banco Actinver stock overvalued right now?
Banco Actinver (MEX:FSITES20) has a current Tax Rate % of 28.58%. The current Tax Rate % is 28.58%. Banco Actinver's overall GF Score™ is 40/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Banco Actinver (MEX:FSITES20), the current Tax Rate % is 28.58% as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Banco Actinver Business Description

Address Montes Urales No. 620, IV Section, Colonia Lomas de Chapultepec, Mayor's Office Miguel Hidalgo, Mexico City, MEX, 11000
Banco Actinver SA is a provider of investment advisory services in Mexico. The company specializes in wealth management and corporate and private banking. Its products include investment funds, credits, insurance, lease, trust, and asset management. Its segments include Investment fund management, Treasury, and investment banking, Brokerage, Credit and corporate activities, Leasing, and Others.
40GF Score

Get the complete analysis for MEX:FSITES20

Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN26.00
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