Nexen Tire (XKRX:002350) Tax Rate % : 16.28% (As of Mar. 2024)

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What is Nexen Tire Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Nexen Tire's Tax Expense for the three months ended in Mar. 2024 was ₩7,970 Mil. Nexen Tire's Pre-Tax Income for the three months ended in Mar. 2024 was ₩48,951 Mil. Therefore, Nexen Tire's Tax Rate % for the quarter that ended in Mar. 2024 was 16.28%.

Nexen Tire Tax Rate % Historical Data

The historical data trend for Nexen Tire'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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Nexen Tire Tax Rate % Chart

Nexen Tire Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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35.74

-30.88

71.88

31.77

31.11

Nexen Tire 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															38.61	3.21	20.54	70.08	16.28

Nexen Tire Tax Rate % Calculation

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

Nexen Tire'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 )
	=	46568.317	/	149683.867
	=	31.11 %

Nexen Tire'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 )
	=	7969.502	/	48950.948
	=	16.28 %

Nexen Tire Tax Rate % Related Terms

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Nexen Tire (XKRX:002350) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nexen Tire Corp (XKRX:002350) » Definitions » Tax Rate %

Traded in Other Exchanges

002355:Korea

Address

355, Chungryeol-ro, Gyeongsangnam-do, Yangsan-si, KOR

Website

http://www.nexentire.com

Nexen Tire Corp manufactures, markets and exports tires. The firm has divided its business in the passenger car, SUV, Van and light truck, Global OE, Solid tire and Tube and Flap and all seasons divisions. The company has manufacturing facilities in Korea and China and has research and development facilities in the U.S., China, and Germany.

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