NVZMY (Novonesis (Novozymes) B) Tax Rate % : 26.05% (As of Dec. 2024)

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What is Novonesis (Novozymes) B Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Novonesis (Novozymes) B's Tax Expense for the three months ended in Dec. 2024 was $89 Mil. Novonesis (Novozymes) B's Pre-Tax Income for the three months ended in Dec. 2024 was $343 Mil. Therefore, Novonesis (Novozymes) B's Tax Rate % for the quarter that ended in Dec. 2024 was 26.05%.

Novonesis (Novozymes) B Tax Rate % Historical Data

The historical data trend for Novonesis (Novozymes) B'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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Novonesis (Novozymes) B Tax Rate % Chart

Novonesis (Novozymes) B Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Tax Rate %

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19.74

19.85

19.10

22.26

26.68

Novonesis (Novozymes) B Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Dec24
Tax Rate %	Get a 7-Day Free Trial															23.06	19.08	21.59	-	26.05

Novonesis (Novozymes) B Tax Rate % Calculation

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

Novonesis (Novozymes) B's Tax Rate % for the fiscal year that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2024 )	/	Pre-Tax Income (A: Dec. 2024 )
	=	116.545	/	436.754
	=	26.68 %

Novonesis (Novozymes) B's Tax Rate % for the quarter that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2024 )	/	Pre-Tax Income (Q: Dec. 2024 )
	=	89.215	/	342.513
	=	26.05 %

Novonesis (Novozymes) B Tax Rate % Related Terms

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Novonesis (Novozymes) B Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Novonesis (Novozymes) B (OTCPK:NVZMY) » Definitions » Tax Rate %

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Traded in Other Exchanges

NVZMF:USA NSISBc:UK 0Q4U:UK NSIS B:Denmark NZM2:Germany NZYM:Austria

Address

Krogshoejvej 36, Bagsvaerd, DNK, 2880

Website

https://www.novozymes.com

Novonesis was formed in 2024 through the merger of Novozymes and Chr. Hansen. Following the merger, the company became the world leader in industrial enzymes and microbial solutions, with a nearly 50% market share in both. The firm supplies a wide range of industry groups: household care, food and beverages, bioenergy, agriculture and feed, technical and pharmaceuticals. Its biological solutions create value for its customers by improving yield efficiency and performance, while saving energy and generating less waste. The company is headquartered in Denmark, employs around 10,000 people, and works across more than 30 research and development and application centers and 23 manufacturing sites.