Saudi Steel Pipe Co (SAU:1320) Tax Rate % : 5.37% (As of Mar. 2024)

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What is Saudi Steel Pipe Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Saudi Steel Pipe Co's Tax Expense for the three months ended in Mar. 2024 was ﷼4 Mil. Saudi Steel Pipe Co's Pre-Tax Income for the three months ended in Mar. 2024 was ﷼81 Mil. Therefore, Saudi Steel Pipe Co's Tax Rate % for the quarter that ended in Mar. 2024 was 5.37%.

Saudi Steel Pipe Co Tax Rate % Historical Data

The historical data trend for Saudi Steel Pipe Co'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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Saudi Steel Pipe Co Tax Rate % Chart

Saudi Steel Pipe Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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33.50

2.14

-2.48

15.39

3.09

Saudi Steel Pipe Co 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															17.06	9.48	3.89	-6.32	5.37

Saudi Steel Pipe Co Tax Rate % Calculation

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

Saudi Steel Pipe Co'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 )
	=	6.945	/	224.407
	=	3.09 %

Saudi Steel Pipe Co'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 )
	=	4.327	/	80.652
	=	5.37 %

Saudi Steel Pipe Co Tax Rate % Related Terms

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Saudi Steel Pipe Co (SAU:1320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Saudi Steel Pipe Co (SAU:1320) » Definitions » Tax Rate %

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Traded in Other Exchanges

N/A

Address

P.O.Box 11680, Dammam, SAU, 31326

Website

https://www.sspipe.com

Saudi Steel Pipe Co is a Saudi Arabian company engaged in the manufacturing of steel pipes. The group operates in two segments, being the Process equipment segment which includes the design, manufacture, assemble, maintain, and market of heavy process equipment for the utilization of oil and gas, power generation, desalination, mining, solar energy, and off-shore plants, and Steel pipes segment which provides galvanized and non-galvanized steel pipes, square and rectangular pipes used in petroleum, gas, water, and construction sectors. It derives the majority of its revenue from the Steel pipes segment. The company has a market presence with the majority of the revenue generated from Saudi Arabia.

Saudi Steel Pipe Co (SAU:1320) Headlines

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