Marfrig Global Foods (FRA:MGP1) Tax Rate % : 238.09% (As of Mar. 2024)

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What is Marfrig Global Foods Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Marfrig Global Foods's Tax Expense for the three months ended in Mar. 2024 was €-42 Mil. Marfrig Global Foods's Pre-Tax Income for the three months ended in Mar. 2024 was €-18 Mil. Therefore, Marfrig Global Foods's Tax Rate % for the quarter that ended in Mar. 2024 was 238.09%.

Marfrig Global Foods Tax Rate % Historical Data

The historical data trend for Marfrig Global Foods'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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Marfrig Global Foods Tax Rate % Chart

Marfrig Global Foods Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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-16.98

11.65

25.34

-14.97

23.99

Marfrig Global Foods 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															14.36	4.34	43.85	93.12	238.09

Marfrig Global Foods Tax Rate % Calculation

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

Marfrig Global Foods'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 )
	=	-203.919	/	-849.893
	=	23.99 %

Marfrig Global Foods'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 )
	=	-42.153	/	-17.705
	=	238.09 %

Marfrig Global Foods Tax Rate % Related Terms

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Marfrig Global Foods (FRA:MGP1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Marfrig Global Foods SA (FRA:MGP1) » Definitions » Tax Rate %

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MRRTY:USA MRFG3:Brazil

Address

Avenida Queiroz Filho, 1560, Torre Sabia, 3rd Floor, Vila Hamburguesa, Sao Paulo, SP, BRA, 05319-000

Website

https://www.marfrig.com.br

Marfrig Global Foods SA is a Brazilian-based food processing company that produces, processes, and distributes meat and non-meat products. The company has operations worldwide, including in Brazil, Argentina, Chile, Uruguay, and the United States. The company's activities include production and processing of foods made from animal proteins as well as other products such as frozen vegetables and sauces. The company organizes itself into four main segments: Beef - North America, Beef - South America, Poultry, Pork and Processed Products - BRF and Corporate. The company earns more than half of its revenue through its operations in Beef - North America.

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