VitroB de CV (VitroB de CV) Tax Expense : $28.5 Mil (TTM As of Dec. 2023)

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What is VitroB de CV Tax Expense?

VitroB de CV's tax expense for the months ended in Dec. 2023 was $39.3 Mil. Its tax expense for the trailing twelve months (TTM) ended in Dec. 2023 was $28.5 Mil.

VitroB de CV Tax Expense Historical Data

The historical data trend for VitroB de CV'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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VitroB de CV Tax Expense Chart

VitroB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Expense

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12.71

49.47

24.85

37.08

28.69

VitroB de CV Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Tax Expense	Get a 7-Day Free Trial															3.66	-3.65	-1.00	-6.09	39.26

VitroB de CV 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $28.5 Mil.

VitroB de CV (OTCPK:VITOF) 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.

VitroB de CV Tax Expense Related Terms

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VitroB de CV (VitroB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Vitro SAB de CV (OTCPK:VITOF) » Definitions » Tax Expense

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VITROA:Mexico

Address

Avenida Ricardo Margain Zozaya No. 400, Colonia Valle del Campestre, San Pedro Garza Garcia, NL, MEX, 66265

Website

https://www.vitro.com

Vitro SAB de CV is a glass manufacturing company. The company is principally engaged in the production, processing, distribution, and marketing range of glassware. Its reportable segment includes Flat glass; Chemicals and Glass containers. Flat glass is used for the construction and automotive industries, carbonate, and sodium bicarbonate products. Its Glass containers are used in precision components, as well as machinery and molds for the glass industry. The company derives the maximum revenue from the Flat Glass segment. Geographically, it generates a majority of its revenue from the USA.

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