TrenDevice SpA (MIL:TD) Tax Rate %: 0.79% (As of Jun. 2024)

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What is TrenDevice SpA Tax Rate %?

TrenDevice SpA MIL:TD Tax Rate % is 0.79% as of Jun. 2024.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. TrenDevice SpA's Tax Expense for the six months ended in Jun. 2024 was €-0.01 Mil. TrenDevice SpA's Pre-Tax Income for the six months ended in Jun. 2024 was €-1.27 Mil. Therefore, TrenDevice SpA's Tax Rate % for the quarter that ended in Jun. 2024 was 0.79%.

TrenDevice SpA Tax Rate % Related Terms

TrenDevice SpA Tax Rate % Historical Data

* Premium members only.

The historical data trend for TrenDevice 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.

TrenDevice SpA Tax Rate % Chart

TrenDevice SpA Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial 80.00 41.81 28.64 31.76 42.12

TrenDevice SpA Semi-Annual Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.67 38.00 39.79 45.88 0.79

TrenDevice SpA Tax Rate % Calculation

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

TrenDevice SpA'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 )
=-0.596/-1.415
=42.12 %

TrenDevice SpA'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 )
=-0.01/-1.269
=0.79 %

* 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 0.79% mean?
TrenDevice SpA (MIL:TD) has a Tax Rate % of 0.79% as of Jun. 2024.
Is TrenDevice SpA's Tax Rate % too high?
TrenDevice SpA's current Tax Rate % is 0.79%.
How does TrenDevice SpA's Tax Rate % compare to TSCO and ULTA?
TrenDevice SpA's Tax Rate % of 0.79% can be compared against companies in the Retail - Cyclical 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 a Retail - Cyclical company?
A good Tax Rate % depends on the Retail - Cyclical 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. TrenDevice SpA's current Tax Rate % is 0.79%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TrenDevice SpA stock overvalued right now?
TrenDevice SpA (MIL:TD) has a current Tax Rate % of 0.79%. The current Tax Rate % is 0.79%. 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 TrenDevice SpA (MIL:TD), the current Tax Rate % is 0.79% 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.

TrenDevice SpA Business Description

Address Via Niccolo Copernico 38, Milan, ITA, 20125
TrenDevice SpA is engaged in the refurbishing and marketing of electronic products such as computers, smartphones, tablets, smartwatches, and others. It also offers maintenance and repair services.