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WS (Worthington Steel) Tax Rate % : 11.05% (As of Aug. 2024)


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What is Worthington Steel Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Worthington Steel's Tax Expense for the three months ended in Aug. 2024 was $4 Mil. Worthington Steel's Pre-Tax Income for the three months ended in Aug. 2024 was $36 Mil. Therefore, Worthington Steel's Tax Rate % for the quarter that ended in Aug. 2024 was 11.05%.

Worthington Steel Tax Rate % Historical Data

The historical data trend for Worthington Steel'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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Worthington Steel Tax Rate % Chart

Worthington Steel Annual Data
Trend May21 May22 May23 May24
Tax Rate %
20.44 21.23 22.53 21.32

Worthington Steel Quarterly Data
May21 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 21.49 54.35 21.08 23.37 11.05

Worthington Steel Tax Rate % Calculation

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

Worthington Steel'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 )
=46.1/216.2
=21.32 %

Worthington Steel'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 )
=4/36.2
=11.05 %

* 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.

Worthington Steel Tax Rate % Related Terms

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Worthington Steel Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Worthington Steel Inc (NYSE:WS) » Definitions » Tax Rate %
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Traded in Other Exchanges
Z2J:Germany
Address
100 Old Wilson Bridge Road, Columbus, OH, USA, 43085
Website
https://www.worthingtonsteel.com
Worthington Steel Inc is a processor of carbon flat-rolled steel, a producer of laser-welded solutions, and a provider of electrical steel laminations. The company has manufacturing facilities across the United States, Canada, China, India, Germany and Mexico. It buys coils of steel from primary steel producers and processes them to precise type, thickness, length, width, shape, and surface quality required by customer specifications. The company's product lines and processing capabilities include; carbon flat-rolled steel processing, electrical steel laminations, and tailor welded products. Geographically, the company generates a majority of its revenue from the United States followed by Canada, Mexico, and other regions.