Saipem SpA (MIL:SPMR) Tax Rate % : 46.99% (As of Sep. 2023)

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What is Saipem SpA Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Saipem SpA's Tax Expense for the three months ended in Sep. 2023 was €39 Mil. Saipem SpA's Pre-Tax Income for the three months ended in Sep. 2023 was €83 Mil. Therefore, Saipem SpA's Tax Rate % for the quarter that ended in Sep. 2023 was 46.99%.

Saipem SpA Tax Rate % Historical Data

The historical data trend for Saipem SpA'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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Saipem SpA Tax Rate % Chart

Saipem SpA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Tax Rate %

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-89.81

57.02

-14.68

-2.51

-94.44

Saipem SpA Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Jun23	Sep23	Mar24
Tax Rate %	Get a 7-Day Free Trial															377.78	-	-	46.99	37.36

Saipem SpA Tax Rate % Calculation

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

Saipem SpA's Tax Rate % for the fiscal year that ended in Dec. 2022 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2022 )	/	Pre-Tax Income (A: Dec. 2022 )
	=	153	/	-162
	=	-94.44 %

Saipem SpA's Tax Rate % for the quarter that ended in Sep. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Sep. 2023 )	/	Pre-Tax Income (Q: Sep. 2023 )
	=	39	/	83
	=	46.99 %

Saipem SpA Tax Rate % Related Terms

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Saipem SpA (MIL:SPMR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Saipem SpA (MIL:SPMR) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

SAPMY:USA SAPMF:USA SPM:Italy 0RPI:UK SPEA:Germany

Address

Via Luigi Russolo, 5, Milano, ITA, 20138

Website

https://www.saipem.com

Saipem is a conglomerate of oil and gas engineering and construction and drilling services. The company began as the services appendage of oil major Eni, although today Eni as a customer accounts for generally less than 10% of revenue. Saipem is distinguished for leading industry megaprojects like the Nord Stream pipeline carrying large volumes of natural gas from Russia to European markets.

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