Array Technologies (STU:9AY) Tax Rate % : 37.61% (As of Mar. 2024)

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What is Array Technologies Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Array Technologies's Tax Expense for the three months ended in Mar. 2024 was €1 Mil. Array Technologies's Pre-Tax Income for the three months ended in Mar. 2024 was €3 Mil. Therefore, Array Technologies's Tax Rate % for the quarter that ended in Mar. 2024 was 37.61%.

Array Technologies Tax Rate % Historical Data

The historical data trend for Array Technologies'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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Array Technologies Tax Rate % Chart

Array Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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38.46

24.05

17.53

189.48

22.53

Array Technologies 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															21.93	25.69	23.75	1.74	37.61

Array Technologies Tax Rate % Calculation

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

Array Technologies'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 )
	=	36.604	/	162.453
	=	22.53 %

Array Technologies'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 )
	=	1.2	/	3.191
	=	37.61 %

Array Technologies Tax Rate % Related Terms

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Array Technologies (STU:9AY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Array Technologies Inc (STU:9AY) » Definitions » Tax Rate %

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ARRY:USA

Address

3901 Midway Place NE, Albuquerque, NM, USA, 87109

Website

https://www.arraytechinc.com

Array Technologies Inc manufacturer of ground-mounting systems used in solar energy projects. The company's product is an integrated system of steel supports, electric motors, gearboxes and electronic controllers referred to as a single-axis tracker that move solar panels throughout the day to maintain an optimal orientation to the sun, which increases their energy production. Its operations are in the United States, Australia, Spain, Brazil and Rest of the World with the United States deriving the majority of the revenue.

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