Toyo Tire (Toyo Tire) Tax Rate % : 28.90% (As of Mar. 2024)

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What is Toyo Tire Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Toyo Tire's Tax Expense for the three months ended in Mar. 2024 was $63 Mil. Toyo Tire's Pre-Tax Income for the three months ended in Mar. 2024 was $216 Mil. Therefore, Toyo Tire's Tax Rate % for the quarter that ended in Mar. 2024 was 28.90%.

Toyo Tire Tax Rate % Historical Data

The historical data trend for Toyo Tire'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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Toyo Tire Tax Rate % Chart

Toyo Tire Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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26.16

24.36

27.71

28.02

24.87

Toyo Tire 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															27.95	6.00	30.38	29.50	28.90

Toyo Tire Tax Rate % Calculation

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

Toyo Tire'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 )
	=	165.98	/	667.336
	=	24.87 %

Toyo Tire'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 )
	=	62.549	/	216.462
	=	28.90 %

Toyo Tire Tax Rate % Related Terms

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Toyo Tire (Toyo Tire) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Toyo Tire Corp (OTCPK:TOTTF) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

5105:Japan

Address

2-2-13 Fujinoki, Hyogo, Itami, JPN, 664-0847

Website

https://www.toyotires.co.jp

Toyo Tire Corp manufactures and sells tires, rubber tubes, industrial rubber, polyurethane products, and automotive parts. The majority of the company's revenue is amassed through Japanese and North American sales. Toyo Tire & Rubber's tires are developed through micro-level research and analysis. Optimal tire performance is gained through proprietary nano-level blending techniques that provide uniform polymer dispersion. Additional enhancements are gained through driving simulation and propriety T mode simulation. Simulation testing methods enable the company to monitor tire behavior and construction under various situations.

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