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Cintas (STU:CIT) Tax Rate % : 15.77% (As of Aug. 2024)


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What is Cintas Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Cintas's Tax Expense for the three months ended in Aug. 2024 was €77 Mil. Cintas's Pre-Tax Income for the three months ended in Aug. 2024 was €487 Mil. Therefore, Cintas's Tax Rate % for the quarter that ended in Aug. 2024 was 15.77%.

Cintas Tax Rate % Historical Data

The historical data trend for Cintas'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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Cintas Tax Rate % Chart

Cintas Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.19 13.73 17.55 20.38 20.37

Cintas Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.17 20.94 19.88 21.40 15.77

Cintas Tax Rate % Calculation

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

Cintas's Tax Rate % for the fiscal year that ended in May. 2024 is calculated as

Tax Rate %=Tax Expense (A: May. 2024 )/Pre-Tax Income (A: May. 2024 )
=371.89/1825.612
=20.37 %

Cintas's Tax Rate % for the quarter that ended in Aug. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Aug. 2024 )/Pre-Tax Income (Q: Aug. 2024 )
=76.759/486.752
=15.77 %

* 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.

Cintas Tax Rate % Related Terms

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Cintas Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Cintas Corp (STU:CIT) » Definitions » Tax Rate %
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Traded in Other Exchanges
CTAS:USA CTAS:Mexico 0HYJ:UK CIT:Germany C1TA34:Brazil CTAS:Austria
Address
6800 Cintas Boulevard, P.O. Box 625737, Cincinnati, OH, USA, 45262-5737
Website
https://www.cintas.com
Cintas has roots tracing back to 1929, during which the Farmer family cleaned and re-sold dirty rags to manufacturing plants in Ohio. The firm has grown its business organically and through acquisitions, and today Cintas acts as a one-stop outsourcing partner for businesses. Cintas will design, manufacture, collect, and clean every employee uniform for a small weekly sum, taking on the upfront capital expense itself. In the same stop, Cintas can also replace soiled or depleted mats, mops, trash liners, towels, first aid, fire, and cleaning products. Businesses value an outsourcing partner like Cintas as it simplifies operations and leaves noncore tasks with high regulatory standards in the hands of professionals.