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Reliance Worldwide (Reliance Worldwide) Tax Rate % : 26.70% (As of Dec. 2023)


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What is Reliance Worldwide Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Reliance Worldwide's Tax Expense for the six months ended in Dec. 2023 was $19 Mil. Reliance Worldwide's Pre-Tax Income for the six months ended in Dec. 2023 was $70 Mil. Therefore, Reliance Worldwide's Tax Rate % for the quarter that ended in Dec. 2023 was 26.70%.

Reliance Worldwide Tax Rate % Historical Data

The historical data trend for Reliance Worldwide'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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Reliance Worldwide Tax Rate % Chart

Reliance Worldwide Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Tax Rate %
Get a 7-Day Free Trial 24.74 34.17 30.87 29.82 26.95

Reliance Worldwide Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 30.75 28.99 32.25 21.32 26.70

Reliance Worldwide Tax Rate % Calculation

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

Reliance Worldwide's Tax Rate % for the fiscal year that ended in Jun. 2023 is calculated as

Tax Rate %=Tax Expense (A: Jun. 2023 )/Pre-Tax Income (A: Jun. 2023 )
=51.51/191.16
=26.95 %

Reliance Worldwide's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2023 )/Pre-Tax Income (Q: Dec. 2023 )
=18.586/69.613
=26.70 %

* 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.

Reliance Worldwide Tax Rate % Related Terms

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Reliance Worldwide (Reliance Worldwide) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Reliance Worldwide Corp Ltd (OTCPK:RLLWF) » Definitions » Tax Rate %
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ASX:CSR ASX:OLH TT TSE:6367 CARR JCI XPAR:SGO XSWX:GEBN BLDR LII CSL DUB:KRX MAS OSTO:NIBE B OC SZSE:002271 WMS HKSE:06865 FBIN BOM:509930
Traded in Other Exchanges
0EU:Germany RWC:Australia
Address
140 William Street, Level 26, Melbourne, VIC, AUS, 3000
Website
https://www.rwc.com
Reliance Worldwide designs, manufactures, and supplies branded plumbing products which are sold across North America, Asia-Pacific, and Europe. The company focuses on push-to-connect plumbing products, including fitting, pipes and valves, under its brands SharkBite, JG Speedfit, and EvoPex. Reliance's products are used in residential and commercial applications for the residential renovation, maintenance, and home improvement end-markets. Reliance sells around 45% of its products to plumbing wholesalers and merchants, 35% to hardware and home improvement retailers (including Home Depot, Lowe's, and Reece) and 20% to original equipment manufacturers of hot water systems.