Concentric AB (OSTO:COIC) Tax Rate % : 21.88% (As of Mar. 2024)

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What is Concentric AB Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Concentric AB's Tax Expense for the three months ended in Mar. 2024 was kr28 Mil. Concentric AB's Pre-Tax Income for the three months ended in Mar. 2024 was kr128 Mil. Therefore, Concentric AB's Tax Rate % for the quarter that ended in Mar. 2024 was 21.88%.

Concentric AB Tax Rate % Historical Data

The historical data trend for Concentric AB'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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Concentric AB Tax Rate % Chart

Concentric AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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29.14

19.92

13.33

20.98

20.72

Concentric AB 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															23.90	23.08	25.83	4.40	21.88

Concentric AB Tax Rate % Calculation

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

Concentric AB'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 )
	=	109	/	526
	=	20.72 %

Concentric AB'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 )
	=	28	/	128
	=	21.88 %

Concentric AB Tax Rate % Related Terms

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Concentric AB (OSTO:COIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Concentric AB (OSTO:COIC) » Definitions » Tax Rate %

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0P4X:UK

Address

PO Box 5058, Stockholm, SWE, 102 42

Website

http://www.concentricab.com

Concentric AB is a Sweden-based company active in designing, development, and manufacturing of hydraulic and engine applications for Agriculture Machinery, Construction equipment, Trucks and Industrial applications. It offers solutions to the manufacturers of construction machinery, diesel engines and large trucks. It offers products related to fuel efficiency and reduced emissions. Its products include oil pumps, transmission pumps, coolant pumps, water pumps, compressor pumps, variable flow oil, Licos friction clutches, belt drives, gear pumps and motors, electro-hydraulic steering units, hydraulic power packs, and other products. The company has business segments in two product groups, namely engine products and hydraulic products.

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