RENK Group AG (XTER:R3NK) Tax Rate % : 110.71% (As of Sep. 2024)

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What is RENK Group AG Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. RENK Group AG's Tax Expense for the three months ended in Sep. 2024 was €5.1 Mil. RENK Group AG's Pre-Tax Income for the three months ended in Sep. 2024 was €4.6 Mil. Therefore, RENK Group AG's Tax Rate % for the quarter that ended in Sep. 2024 was 110.71%.

RENK Group AG Tax Rate % Historical Data

The historical data trend for RENK Group AG'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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RENK Group AG Tax Rate % Chart

RENK Group AG Annual Data

Trend

Dec20

Dec21

Dec22

Tax Rate %

-59.35

-273.92

12.98

RENK Group AG Quarterly Data
	Dec20	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
Tax Rate %	Get a 7-Day Free Trial					37.34	23.51	173.04	37.21	110.71

RENK Group AG Tax Rate % Calculation

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

RENK Group AG's Tax Rate % for the fiscal year that ended in Dec. 2022 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2022 )	/	Pre-Tax Income (A: Dec. 2022 )
	=	4.152	/	31.991
	=	12.98 %

RENK Group AG'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 )
	=	5.147	/	4.649
	=	110.71 %

RENK Group AG Tax Rate % Related Terms

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RENK Group AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » RENK Group AG (XTER:R3NK) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

RNKGF:USA R3NKd:UK RENK:Austria

Address

Gogginger street 73, Augsburg, BY, DEU, 86159

Website

https://www.renk.com

RENK Group AG provides vehicle mobility solutions. Its propulsion and drivetrain technology ensures the reliable deployment of forces to set vehicles, vessels, and machinery in motion. The company's business is divided into the following segments; Vehicle Mobility Solutions, Marine and Industry, and Slide Bearings. The Vehicle Mobility Solutions segment which generates maximum revenue, provides technology for the deployment of forces to set vehicles, vessels, and machinery in motion, and also offers products like engines, suspensions, electric drives, and power packs for military vehicles and test systems. Geographically, the company generates maximum revenue from America and the rest from Germany, Asia, Africa, other European countries, Australia and Oceania.

Executives

Dr. Alexander Sagel	Board of Directors
Susanne Wiegand	Board of Directors
Christian Schulz	Board of Directors
Claus Von Hermann	Supervisory Board
Johannes Meier	Supervisory Board
Cécile Dutheil	Supervisory Board

RENK Group AG Headlines

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