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Nokian Tyres (Nokian Tyres) Tax Rate % : 19.62% (As of Mar. 2024)


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What is Nokian Tyres Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Nokian Tyres's Tax Expense for the three months ended in Mar. 2024 was $-7 Mil. Nokian Tyres's Pre-Tax Income for the three months ended in Mar. 2024 was $-34 Mil. Therefore, Nokian Tyres's Tax Rate % for the quarter that ended in Mar. 2024 was 19.62%.

Nokian Tyres Tax Rate % Historical Data

The historical data trend for Nokian Tyres'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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Nokian Tyres Tax Rate % Chart

Nokian Tyres 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 -18.74 18.87 20.14 -36.61 11.97

Nokian Tyres Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 16.44 87.50 -27.29 2.59 19.62

Nokian Tyres Tax Rate % Calculation

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

Nokian Tyres'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 )
=1.854/15.485
=11.97 %

Nokian Tyres's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2024 )/Pre-Tax Income (Q: Mar. 2024 )
=-6.739/-34.348
=19.62 %

* 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.

Nokian Tyres Tax Rate % Related Terms

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Nokian Tyres (Nokian Tyres) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nokian Tyres PLC (OTCPK:NKRKY) » Definitions » Tax Rate %
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Traded in Other Exchanges
NKRKF:USA 1TYRES:Italy 0FFY:UK TYRES:Finland NRE:Germany
Address
Pirkkalaistie 7, P.O. Box 20, Nokia, FIN, 37101
Website
https://www.nokiantyres.com
Nokian Tyres plc develops and manufactures rubber tires under the Nokian Tyres brand name for passenger cars, vans, trucks and heavy machinery. The company sells tires to wholesale distributors and through company-owned retail stores, which are operated under the Vianor brand name. The firm organizes itself into three segments based on product and distribution type: Passenger Car Tyres, Heavy Tyres, and Vianor. The passenger car tires segment generates the majority of revenue.