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Arabian Drilling Co (SAU:2381) Tax Rate % : 13.01% (As of Mar. 2024)


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What is Arabian Drilling Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Arabian Drilling Co's Tax Expense for the three months ended in Mar. 2024 was ﷼22 Mil. Arabian Drilling Co's Pre-Tax Income for the three months ended in Mar. 2024 was ﷼168 Mil. Therefore, Arabian Drilling Co's Tax Rate % for the quarter that ended in Mar. 2024 was 13.01%.

Arabian Drilling Co Tax Rate % Historical Data

The historical data trend for Arabian Drilling Co'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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Arabian Drilling Co Tax Rate % Chart

Arabian Drilling Co Annual Data
Trend Dec21 Dec22 Dec23
Tax Rate %
16.27 -0.98 12.11

Arabian Drilling Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 11.75 13.37 16.55 7.62 13.01

Arabian Drilling Co Tax Rate % Calculation

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

Arabian Drilling Co'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 )
=83.333/687.947
=12.11 %

Arabian Drilling Co'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 )
=21.873/168.128
=13.01 %

* 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.

Arabian Drilling Co Tax Rate % Related Terms

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Arabian Drilling Co (SAU:2381) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Arabian Drilling Co (SAU:2381) » Definitions » Tax Rate %
Comparable Companies
SAU:2382 ADX:ADNOCDRILL NE PTEN RIG SHSE:600871 HP SDRL OSL:BORR DO NBR OSL:ODL TSX:PD OSL:SHLF STC:PVD XKLS:5243 TSX:ESI VTDRF SZSE:002828 TSX:PHX
Traded in Other Exchanges
N/A
Address
P.O.Box 4110, Al-Khobar, SAU, 31952
Website
https://www.arabdrill.com
Arabian Drilling Co is an onshore and offshore gas and oil rig drilling company in Saudi Arabia. It is principally engaged in the drilling of oil and natural gas wells, operations, maintenance and hauling of rigs and related activities. The operating segment of the company Provision of drilling and related services through land rigs and Provision of drilling and related services through off-shore rigs. Majority of revenue is generated from Provision of drilling and related services through land rigs.

Arabian Drilling Co (SAU:2381) Headlines

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