Danimer Scientific (STU:6CU) Tax Rate % : -0.01% (As of Mar. 2024)

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What is Danimer Scientific Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Danimer Scientific's Tax Expense for the three months ended in Mar. 2024 was €0.00 Mil. Danimer Scientific's Pre-Tax Income for the three months ended in Mar. 2024 was €-25.08 Mil. Therefore, Danimer Scientific's Tax Rate % for the quarter that ended in Mar. 2024 was -0.01%.

Danimer Scientific Tax Rate % Historical Data

The historical data trend for Danimer Scientific'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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Danimer Scientific Tax Rate % Chart

Danimer Scientific Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

-26.48

18.04

0.45

-0.21

Danimer Scientific 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													0.24	0.15	-1.18	-0.01	-0.01

Danimer Scientific Tax Rate % Calculation

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

Danimer Scientific'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 )
	=	0.293	/	-142.276
	=	-0.21 %

Danimer Scientific'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 )
	=	0.002	/	-25.08
	=	-0.01 %

Danimer Scientific Tax Rate % Related Terms

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Danimer Scientific (STU:6CU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Danimer Scientific Inc (STU:6CU) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

DNMR:USA 6CU:Germany

Address

140 Industrial Boulevard, Bainbridge, GA, USA, 39817

Website

https://www.danimerscientific.com

Danimer Scientific Inc creates more sustainable, more natural ways to make plastic products sold under the proprietary Nodax brand name. The company's renewable and sustainable biopolymers have helped create plastic products that are 100% biodegradable and compostable. Danimer Scientific's products return to nature instead of polluting lands and waters. Its technology can be found in a vast array of plastic end-use products that people use every day. Applications for its biopolymers include additives, aqueous coatings, fibers, filaments, films, and injection-molded articles, among others. The company holds more than 470 patents and pending patent applications in nearly 20 countries for a range of manufacturing processes and biopolymer formulations.

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