SBE-Varvit SpA (MIL:VARV) Tax Rate % : 24.35% (As of Jun. 2024)

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What is SBE-Varvit SpA Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. SBE-Varvit SpA's Tax Expense for the six months ended in Jun. 2024 was €7.1 Mil. SBE-Varvit SpA's Pre-Tax Income for the six months ended in Jun. 2024 was €29.0 Mil. Therefore, SBE-Varvit SpA's Tax Rate % for the quarter that ended in Jun. 2024 was 24.35%.

SBE-Varvit SpA Tax Rate % Historical Data

The historical data trend for SBE-Varvit 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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SBE-Varvit SpA Tax Rate % Chart

SBE-Varvit SpA Annual Data

Trend

Dec21

Dec22

Dec23

Tax Rate %

24.29

23.11

4.52

SBE-Varvit SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Tax Rate %	Get a 7-Day Free Trial			24.78	20.18	21.26	-33.48	24.35

SBE-Varvit SpA Tax Rate % Calculation

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

SBE-Varvit 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 )
	=	2.737	/	60.575
	=	4.52 %

SBE-Varvit 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 )
	=	7.058	/	28.99
	=	24.35 %

SBE-Varvit SpA Tax Rate % Related Terms

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SBE-Varvit SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SBE-Varvit SpA (MIL:VARV) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Lazzaretti 2/A, Reggio Emilia, ITA, 42122

Website

https://www.sbe.it

SBE-Varvit SpA is a company involved in the production of fasteners, and mechanical fastening joints of fundamental importance for many industrial sectors. It serves various sectors by offering products including screws, nuts, and cold-pressed products, of which a majority are manufactured internally, at its fully verticalized production facilities. The company operates in a single segment which is the production and sale of screws, bolts, and other mechanical components Geographically, it generates maximum revenue from Italy and the rest from the United States, Germany, Spain, France, and other countries.

SBE-Varvit SpA Headlines

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