Ingevity (STU:IGX) Tax Rate % : 22.11% (As of Mar. 2024)

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What is Ingevity Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Ingevity's Tax Expense for the three months ended in Mar. 2024 was €-15 Mil. Ingevity's Pre-Tax Income for the three months ended in Mar. 2024 was €-66 Mil. Therefore, Ingevity's Tax Rate % for the quarter that ended in Mar. 2024 was 22.11%.

Ingevity Tax Rate % Historical Data

The historical data trend for Ingevity'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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Ingevity Tax Rate % Chart

Ingevity Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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19.39

22.84

27.46

21.51

46.53

Ingevity 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															20.91	25.58	21.49	24.16	22.11

Ingevity Tax Rate % Calculation

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

Ingevity'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 )
	=	-4.31	/	-9.262
	=	46.53 %

Ingevity'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 )
	=	-14.628	/	-66.148
	=	22.11 %

Ingevity Tax Rate % Related Terms

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Ingevity (STU:IGX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ingevity Corp (STU:IGX) » Definitions » Tax Rate %

Comparable Companies

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NGVT:USA IGX:Germany

Address

4920 O'Hear Avenue, Suite 400, North Charleston, SC, USA, 29405

Website

https://www.ingevity.com

Ingevity Corp is a chemical manufacturer based in the United States. It conducts its operations through two segments, namely Performance Chemicals and Performance Materials. The bulk of its revenue is generated by the Performance Chemicals segment which deals with the manufacture and sale of specialty chemicals which find their use in a range of processes such as asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, and publication inks. The Performance Materials segment, on the other hand, focusses on automotive carbon products used in automobiles. The Company sells its products worldwide, with special emphasis on North America.

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