ONON (On Holding AG) Tax Rate % : -3.04% (As of Sep. 2024)

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What is On Holding AG Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. On Holding AG's Tax Expense for the three months ended in Sep. 2024 was $-1 Mil. On Holding AG's Pre-Tax Income for the three months ended in Sep. 2024 was $35 Mil. Therefore, On Holding AG's Tax Rate % for the quarter that ended in Sep. 2024 was -3.04%.

On Holding AG Tax Rate % Historical Data

The historical data trend for On Holding AG'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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On Holding AG Tax Rate % Chart

On Holding AG Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

146.80

-12.70

-6.64

25.93

-15.20

On Holding AG Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Tax Rate %	Get a 7-Day Free Trial														15.30	40.44	21.07	27.63	-3.04

On Holding AG Tax Rate % Calculation

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

On Holding AG'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 )
	=	-12.142	/	79.903
	=	-15.20 %

On Holding AG's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Sep. 2024 )	/	Pre-Tax Income (Q: Sep. 2024 )
	=	-1.062	/	34.939
	=	-3.04 %

On Holding AG Tax Rate % Related Terms

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On Holding AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » On Holding AG (NYSE:ONON) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

ONON:Mexico

Address

Forrlibuckstrasse 190, Zurich, CHE, 8005

Website

https://www.on.com

On Holding AG is a premium performance sports brand rooted in technology, design, and impact. Its shoes, apparel, and accessories products are designed predominantly for athletic use, casual, or leisure purposes. It does not manufacture the products or the raw materials and relies instead on third-party suppliers and contract manufacturers. Geographically, it derives a majority of its revenue from the Americas and rest from Europe, Middle East and Africa, and Asia-Pacific region.