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Toromont Industries (TSX:TIH) Tax Rate % : 26.99% (As of Sep. 2024)


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What is Toromont Industries Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Toromont Industries's Tax Expense for the three months ended in Sep. 2024 was C$48 Mil. Toromont Industries's Pre-Tax Income for the three months ended in Sep. 2024 was C$179 Mil. Therefore, Toromont Industries's Tax Rate % for the quarter that ended in Sep. 2024 was 26.99%.

Toromont Industries Tax Rate % Historical Data

The historical data trend for Toromont Industries'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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Toromont Industries Tax Rate % Chart

Toromont Industries Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.31 27.49 27.17 26.63 26.73

Toromont Industries Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 26.37 26.84 27.20 27.30 26.99

Toromont Industries Tax Rate % Calculation

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

Toromont Industries'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 )
=193.005/722.112
=26.73 %

Toromont Industries's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2024 )/Pre-Tax Income (Q: Sep. 2024 )
=48.408/179.359
=26.99 %

* 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.

Toromont Industries Tax Rate % Related Terms

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Toromont Industries Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Toromont Industries Ltd (TSX:TIH) » Definitions » Tax Rate %
Comparable Companies
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Traded in Other Exchanges
TMTNF:USA 14T:Germany
Address
3131 Highway 7 West, P.O. Box 5511, Concord, ON, CAN, L4K 1B7
Website
https://www.toromont.com
Toromont Industries Ltd is a Canadian industrial company. The company operates two business segments: Equipment Group and CIMCO. The larger segment by revenue, Equipment Group supplies and rents mobile and stationary machines used in road building, mining, aggregates, public infrastructure, residential construction, power generation, agriculture, forestry, truck engines, industrial, demolition and waste management. CIMCO offers solutions for the design, engineering, fabrication, and installation of industrial and recreational refrigeration systems. The company operates majorly in Canada and derives a smaller portion of sales from the United States of America and other regions.
Executives
William John Harvey Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
David Allan Malinauskas Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Jennifer Cochrane Senior Officer
Peter James Blake Director
Miles Sean Ryan Gregg Senior Officer
Jeffrey Scott Chisholm Director
Lynn Margaret Korbak Senior Officer
Mike Cuddy Senior Officer
Joel Alain Couture Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Scott Medhurst Director, Senior Officer
Frederick James Mifflin Director
Benjamin David Cherniavsky Director
Wayne S. Hill Director
James Wendell Gill Director
Robert M. Ogilvie Director

Toromont Industries Headlines

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