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CTS (CTS) Tax Expense : $11.7 Mil (TTM As of Sep. 2024)


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What is CTS Tax Expense?

CTS's tax expense for the months ended in Sep. 2024 was $3.8 Mil. Its tax expense for the trailing twelve months (TTM) ended in Sep. 2024 was $11.7 Mil.


CTS Tax Expense Historical Data

The historical data trend for CTS's Tax Expense 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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CTS Tax Expense Chart

CTS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.12 10.79 -19.01 21.16 14.62

CTS Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Tax Expense 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 4.77 2.31 2.54 3.06 3.76

CTS Tax Expense Calculation

Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.

Tax Expense for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $11.7 Mil.

* 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.


CTS  (NYSE:CTS) Tax Expense Explanation

In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.


CTS Tax Expense Related Terms

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CTS Business Description

Traded in Other Exchanges
Address
4925 Indiana Avenue, Lisle, IL, USA, 60532
CTS Corp operates in the electronics industry. The company is a manufacturer of Sensors, Electronic components, and Actuators. It designs, manufactures, and sells a broad line of sensors, electronic components, and actuators mainly to original equipment manufacturers (OEM) for the aerospace and defense, industrial, information technology, medical, telecommunications, and transportation markets. Geographically, it derives a majority of its revenue from the United States and also has a presence in China; Singapore; the Czech Republic; Taiwan and other countries.
Executives
Kieran M O'sullivan director, officer: President & CEO 2375 CABOT DRIVE, LISLE IL 60532
Martin Baumeister officer: Senior Vice President 4925 INDIANA AVENUE, LISLE IL 60532
Ashish Agrawal officer: CFO 2375 CABOT DRIVE, LISLE IL 60525
Randy Lee Stone director 974 CENTRE ROAD, CRP 730, WILMINGTON DE 19805
Michael Edward Murray officer: Senior Vice President 4925 INDIANA AVENUE, LISLE IL 60532
Ye Jane Li director 200 FLYNN ROAD, CAMARILLO CA 93012-8790
Thomas Michael White officer: Controller and PAO 4925 INDIANA AVENUE, LISLE IL 60532
Donna Costello director 17 STEWART COURT, WESTWOOD NJ 07675
Scott D'angelo officer: VP & Secretary 4925 INDIANA AVENUE, LISLE IL 60532
Alfonso G Zulueta director 4925 INDIANA AVE, LISLE IL 60532
William S Johnson director C/O CABOT MICROELECTRONICS, 870 N. COMMONS DR, AURORA IL 60504
Gordon Hunter director 25950 ELENA RD, LOS ALTOS HILLS CA 94022
Diana M Murphy director C/O LANDSTAR SYSTEM INC, 13410 SUTTON PARK DR S, JACKSONVILLE FL 32224
Luis Francisco Machado officer: VP, General Counsel & Sec. 1142 W. BEARDSLEY AVENUE, ELKHART IN 46514
Rajeeb K Nath officer: Vice President 1142 WEST BEARDSLEY AVENUE, ELKHART IN 46514