MOOV (Moove Lubricants Holdings) Tax Rate %: 34.29% (As of Jun. 2024)

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What is Moove Lubricants Holdings Tax Rate %?

Moove Lubricants Holdings MOOV Tax Rate % is 34.29% as of Jun. 2024.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Moove Lubricants Holdings's Tax Expense for the six months ended in Jun. 2024 was $23.02 Mil. Moove Lubricants Holdings's Pre-Tax Income for the six months ended in Jun. 2024 was $67.13 Mil. Therefore, Moove Lubricants Holdings's Tax Rate % for the quarter that ended in Jun. 2024 was 34.29%.

Moove Lubricants Holdings Tax Rate % Related Terms

Moove Lubricants Holdings Tax Rate % Historical Data

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The historical data trend for Moove Lubricants Holdings'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.

Moove Lubricants Holdings Tax Rate % Chart

Moove Lubricants Holdings Annual Data
Trend Dec21 Dec22 Dec23
Tax Rate %
33.77 -6.79 55.76

Moove Lubricants Holdings Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24
Tax Rate % 0.00 0.00 117.69 -19.60 34.29

Moove Lubricants Holdings Tax Rate % Calculation

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

Moove Lubricants Holdings'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 )
=68.421/122.705
=55.76 %

Moove Lubricants Holdings'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 )
=23.016/67.126
=34.29 %

* 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 34.29% mean?
Moove Lubricants Holdings (MOOV) has a Tax Rate % of 34.29% as of Jun. 2024.
Is Moove Lubricants Holdings' Tax Rate % too high?
Moove Lubricants Holdings' current Tax Rate % is 34.29%.
How does Moove Lubricants Holdings' Tax Rate % compare to ?
Moove Lubricants Holdings' Tax Rate % of 34.29% can be compared against companies in the Chemicals 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 Chemicals company?
A good Tax Rate % depends on the Chemicals 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. Moove Lubricants Holdings's current Tax Rate % is 34.29%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Moove Lubricants Holdings stock overvalued right now?
Moove Lubricants Holdings (MOOV) has a current Tax Rate % of 34.29%. The current Tax Rate % is 34.29%. 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 Moove Lubricants Holdings (MOOV), the current Tax Rate % is 34.29% 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.

Moove Lubricants Holdings Business Description

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Address Av. Brigadeiro Faria Lima, 4,100 - 8th Floor, Sao Paul, SP, BRA, 04538-132
Moove Lubricants Holdings is a lubricants solutions provider. The company specializes in the formulation, manufacturing, distribution, marketing, selling and servicing of lubricant products across a diverse range of end markets and customers.