Snowflake (BSP:S2NW34) Tax Rate % : 2.47% (As of Jan. 2024)

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What is Snowflake Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Snowflake's Tax Expense for the three months ended in Jan. 2024 was R$-21 Mil. Snowflake's Pre-Tax Income for the three months ended in Jan. 2024 was R$-857 Mil. Therefore, Snowflake's Tax Rate % for the quarter that ended in Jan. 2024 was 2.47%.

Snowflake Tax Rate % Historical Data

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

Snowflake Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Tax Rate %

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-0.29

-0.38

-0.44

2.26

1.32

Snowflake Quarterly Data
	Jan19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Tax Rate %	Get a 7-Day Free Trial															-0.18	2.84	1.61	-1.61	2.47

Snowflake Tax Rate % Calculation

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

Snowflake's Tax Rate % for the fiscal year that ended in Jan. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Jan. 2024 )	/	Pre-Tax Income (A: Jan. 2024 )
	=	-55.246	/	-4176.649
	=	1.32 %

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

Tax Rate %	=	Tax Expense (Q: Jan. 2024 )	/	Pre-Tax Income (Q: Jan. 2024 )
	=	-21.143	/	-856.805
	=	2.47 %

Snowflake Tax Rate % Related Terms

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Snowflake (BSP:S2NW34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Snowflake Inc (BSP:S2NW34) » Definitions » Tax Rate %

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Address

106 East Babcock Street, Suite 3A, Bozeman, MT, USA, 59715

Website

https://www.snowflake.com

Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that came public in 2020. To date, the company has over 3,000 customers, including nearly 30% of the Fortune 500 as its customers. Snowflake's data lake stores unstructured and semistructured data that can then be used in analytics to create insights stored in its data warehouse. Snowflake's data sharing capability allows enterprises to easily buy and ingest data almost instantaneously compared with a traditionally months-long process. Overall, the company is known for the fact that all of its data solutions that can be hosted on various public clouds.

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