Reach Subsea ASA (OSL:REACH) Tax Rate % : 19.98% (As of Sep. 2024)

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What is Reach Subsea ASA Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Reach Subsea ASA's Tax Expense for the three months ended in Sep. 2024 was kr23 Mil. Reach Subsea ASA's Pre-Tax Income for the three months ended in Sep. 2024 was kr115 Mil. Therefore, Reach Subsea ASA's Tax Rate % for the quarter that ended in Sep. 2024 was 19.98%.

Reach Subsea ASA Tax Rate % Historical Data

The historical data trend for Reach Subsea ASA'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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Reach Subsea ASA Tax Rate % Chart

Reach Subsea ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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-0.07

-28.42

26.36

22.02

Reach Subsea ASA Quarterly Data
	Dec19	Mar20	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															15.86	28.90	147.47	21.24	19.98

Reach Subsea ASA Tax Rate % Calculation

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

Reach Subsea ASA'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 )
	=	63.743	/	289.534
	=	22.02 %

Reach Subsea ASA'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 )
	=	22.983	/	115.031
	=	19.98 %

Reach Subsea ASA Tax Rate % Related Terms

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Reach Subsea ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Reach Subsea ASA (OSL:REACH) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

REACHo:Sweden 0EMB:UK 4RS:Germany

Address

Mollervegen 6, Haugesund, NOR, 5525

Website

https://www.reachsubsea.no

Reach Subsea ASA is a Norwegian subsea service provider. The services provided by the company include vessel fleet which comprises of edda fonn which is used for survey and light construction services, havila subsea, normand reach for complex offshore operations, viking neptun for cable installation and heavy lifting, and stril explorer. It two reportable segments namely Oil and Gas and Renewable and others. The company generates maximum revenue from the Oil and Gas segment.

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