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Riyadh Steel Co (SAU:9588) Tax Rate % : 23.94% (As of Jun. 2024)


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What is Riyadh Steel Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Riyadh Steel Co's Tax Expense for the six months ended in Jun. 2024 was ﷼0.8 Mil. Riyadh Steel Co's Pre-Tax Income for the six months ended in Jun. 2024 was ﷼3.3 Mil. Therefore, Riyadh Steel Co's Tax Rate % for the quarter that ended in Jun. 2024 was 23.94%.


Riyadh Steel Co Tax Rate % Historical Data

The historical data trend for Riyadh 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.

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Riyadh Steel Co Tax Rate % Chart

Riyadh Steel Co Annual Data
Trend Dec21 Dec22 Dec23
Tax Rate %
19.87 21.10 14.07

Riyadh Steel Co Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Tax Rate % Get a 7-Day Free Trial - 85.18 16.18 13.43 23.94

Riyadh Steel Co Tax Rate % Calculation

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

Riyadh 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 )
=1.824/12.968
=14.07 %

Riyadh 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 )
=0.798/3.333
=23.94 %

* 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.


Riyadh Steel Co Tax Rate % Related Terms

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Riyadh Steel Co Business Description

Traded in Other Exchanges
N/A
Address
Imam Abdullah bin Saud bin Abdulaziz Road, Al-Shuhada District, Office No. 35, Building No. 4578, Riyadh, SAU, 13241
Riyadh Steel Co is a steel manufacturing company working in all stages of production of scrap, flat bars, and angle bars . It provides products such as Steel Scrap, Billets, and ASTM A36 standard Flat and Angle bars.

Riyadh Steel Co Headlines

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