Novares Group (XPAR:NVS) Tax Rate %: 27.51% (As of Jun. 2017)

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What is Novares Group Tax Rate %?

Novares Group XPAR:NVS Tax Rate % is 27.51% as of Jun. 2017.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Novares Group's Tax Expense for the six months ended in Jun. 2017 was €5.88 Mil. Novares Group's Pre-Tax Income for the six months ended in Jun. 2017 was €21.38 Mil. Therefore, Novares Group's Tax Rate % for the quarter that ended in Jun. 2017 was 27.51%.

Novares Group Tax Rate % Related Terms

Novares Group Tax Rate % Historical Data

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The historical data trend for Novares Group'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.

Novares Group Tax Rate % Chart

Novares Group Annual Data
Trend Dec16
Tax Rate %
28.52

Novares Group Semi-Annual Data
Jun16 Dec16 Jun17
Tax Rate % 28.51 28.52 27.51

Novares Group Tax Rate % Calculation

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

Novares Group's Tax Rate % for the fiscal year that ended in Dec. 2016 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2016 )/Pre-Tax Income (A: Dec. 2016 )
=6.315/22.144
=28.52 %

Novares Group's Tax Rate % for the quarter that ended in Jun. 2017 is calculated as

Tax Rate %=Tax Expense (Q: Jun. 2017 )/Pre-Tax Income (Q: Jun. 2017 )
=5.883/21.382
=27.51 %

* 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.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 27.51% mean?
Novares Group (XPAR:NVS) has a Tax Rate % of 27.51% as of Jun. 2017.
Is Novares Group's Tax Rate % too high?
Novares Group's current Tax Rate % is 27.51%.
How does Novares Group's Tax Rate % compare to ?
Novares Group's Tax Rate % of 27.51% can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for a Vehicles & Parts company?
A good Tax Rate % depends on the Vehicles & Parts industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Novares Group's current Tax Rate % is 27.51%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novares Group stock overvalued right now?
Novares Group (XPAR:NVS) has a current Tax Rate % of 27.51%. The current Tax Rate % is 27.51%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Novares Group (XPAR:NVS), the current Tax Rate % is 27.51% as of Jun. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Novares Group Business Description

Comparable Companies
Address 361 avenue du General de Gaulle, Clamart, Paris, FRA, FR-92140
Novares Group SA is a plastic solutions provider that designs and manufactures complex components and systems serving the automotive industry. The company designs and produces automotive parts and specializes in technical plastic injection for automobiles. Its product portfolio consists of Engine Components, Bezels and Clusters, Air Vents and Decoration Trims, Interior and Car Body Trim, Handles, Exterior Paint and Surfaces, and E-Powertrain Components.