AGCO (FRA:AGJ) Tax Rate % : 31.28% (As of Mar. 2024)

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What is AGCO Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. AGCO's Tax Expense for the three months ended in Mar. 2024 was €64 Mil. AGCO's Pre-Tax Income for the three months ended in Mar. 2024 was €203 Mil. Therefore, AGCO's Tax Rate % for the quarter that ended in Mar. 2024 was 31.28%.

AGCO Tax Rate % Historical Data

The historical data trend for AGCO'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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AGCO Tax Rate % Chart

AGCO Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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69.25

33.40

11.48

26.79

17.28

AGCO Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															35.73	26.90	22.55	-30.37	31.28

AGCO Tax Rate % Calculation

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

AGCO's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	211.277	/	1222.819
	=	17.28 %

AGCO's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	63.572	/	203.228
	=	31.28 %

AGCO Tax Rate % Related Terms

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AGCO (FRA:AGJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » AGCO Corp (FRA:AGJ) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

AGCO:USA AGCO:Mexico AGJ:Germany

Address

4205 River Green Parkway, Duluth, GA, USA, 30096

Website

https://www.agcocorp.com

Agco is a global manufacturer of agricultural equipment. The company has five core brands: Fendt, Massey Ferguson, Challenger, Valtra, and GSI. Unlike its competitors, Agco's product line extends beyond self-propelled equipment and implements to grain handling systems and livestock management solutions. Its products are available through a global dealer network, which includes over 3,200 dealer and distribution locations. Agco offers retail and wholesale financing to customers through its joint venture with Rabobank, a European food- and agriculture-focused bank.

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