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Watani Iron Steel Co (SAU:9513) Tax Rate % : 2.99% (As of Jun. 2024)


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What is Watani Iron Steel Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Watani Iron Steel Co's Tax Expense for the six months ended in Jun. 2024 was ﷼0.1 Mil. Watani Iron Steel Co's Pre-Tax Income for the six months ended in Jun. 2024 was ﷼3.5 Mil. Therefore, Watani Iron Steel Co's Tax Rate % for the quarter that ended in Jun. 2024 was 2.99%.


Watani Iron Steel Co Tax Rate % Historical Data

The historical data trend for Watani Iron Steel 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.

* Premium members only.

Watani Iron Steel Co Tax Rate % Chart

Watani Iron Steel Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Tax Rate %
2.94 2.58 2.55 3.06

Watani Iron Steel Co Semi-Annual Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Tax Rate % Get a 7-Day Free Trial Premium Member Only 2.57 2.53 5.01 2.21 2.99

Watani Iron Steel Co Tax Rate % Calculation

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

Watani Iron Steel 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 )
=0.134/4.378
=3.06 %

Watani Iron Steel Co's Tax Rate % for the quarter that ended in Jun. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Jun. 2024 )/Pre-Tax Income (Q: Jun. 2024 )
=0.105/3.515
=2.99 %

* 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.


Watani Iron Steel Co Tax Rate % Related Terms

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Watani Iron Steel Co Business Description

Traded in Other Exchanges
N/A
Address
New Al-Kharj Road, New Industrial City, Heet District, Riyadh, SAU
Watani Iron Steel Co is engaged in the manufacture of primary iron products in the form of blocks of substrates and waste after being melted, as well as the manufacture of sheet plates, strip coils, bar bars, wire corners, and clips of all shapes.

Watani Iron Steel Co Headlines

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