MGP Ingredients (FRA:M1I) Tax Rate % : 23.33% (As of Mar. 2024)

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What is MGP Ingredients Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. MGP Ingredients's Tax Expense for the three months ended in Mar. 2024 was €5.8 Mil. MGP Ingredients's Pre-Tax Income for the three months ended in Mar. 2024 was €24.7 Mil. Therefore, MGP Ingredients's Tax Rate % for the quarter that ended in Mar. 2024 was 23.33%.

MGP Ingredients Tax Rate % Historical Data

The historical data trend for MGP Ingredients'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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MGP Ingredients Tax Rate % Chart

MGP Ingredients Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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15.55

23.30

25.00

22.33

24.42

MGP Ingredients 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															23.73	25.26	25.05	23.96	23.33

MGP Ingredients Tax Rate % Calculation

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

MGP Ingredients'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 )
	=	31.743	/	129.981
	=	24.42 %

MGP Ingredients'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 )
	=	5.761	/	24.698
	=	23.33 %

MGP Ingredients Tax Rate % Related Terms

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MGP Ingredients (FRA:M1I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » MGP Ingredients Inc (FRA:M1I) » Definitions » Tax Rate %

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Traded in Other Exchanges

MGPI:USA

Address

100 Commercial Street, P.O. Box 130, Atchison, KS, USA, 66002

Website

https://www.mgpingredients.com

MGP Ingredients Inc is a producer and supplier of premium distilled spirits and specialty wheat protein and starch food ingredients. MGP also produces high-quality industrial alcohol for use in both food and non-food applications. It operates in three segments: Distillery Solutions, Branded Spirits Segment, and Ingredient Solutions. Distillery Solutions provides distillery co-products, such as distillers feed, fuel grade alcohol, and corn oil: and warehouse services, including barrel put away, storage, and retrieval services. It derives most of its revenue from the Distillery Solutions segment.

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