Desktop Metal (FRA:844) Tax Rate % : 0.38% (As of Mar. 2024)

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What is Desktop Metal Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Desktop Metal's Tax Expense for the three months ended in Mar. 2024 was €-0.2 Mil. Desktop Metal's Pre-Tax Income for the three months ended in Mar. 2024 was €-48.1 Mil. Therefore, Desktop Metal's Tax Rate % for the quarter that ended in Mar. 2024 was 0.38%.

Desktop Metal Tax Rate % Historical Data

The historical data trend for Desktop Metal'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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Desktop Metal Tax Rate % Chart

Desktop Metal Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

2.69

10.99

0.20

0.95

Desktop Metal Quarterly Data
	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													1.05	-0.05	0.30	1.37	0.38

Desktop Metal Tax Rate % Calculation

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

Desktop Metal'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 )
	=	-2.847	/	-299.287
	=	0.95 %

Desktop Metal'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 )
	=	-0.182	/	-48.112
	=	0.38 %

Desktop Metal Tax Rate % Related Terms

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Desktop Metal (FRA:844) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Desktop Metal Inc (FRA:844) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

DM:USA 844:Germany

Address

63 3rd Avenue, Burlington, MA, USA, 01803

Website

https://www.desktopmetal.com

Desktop Metal Inc manufactures 3D printing to make metal and carbon fiber 3D printing accessible to all engineers, designers, and manufacturers. 3D metal printing helps in the design and development of automotive parts, consumer goods, manufacture of industrial equipment, and design of mechanical systems. The company ships its product to markets in the Americas, Europe Middle East and Africa (EMEA), and Asia Pacific (APAC).

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