REN-Redes Energeticas Nacionais Sgps (XLIS:RENE) Tax Rate % : -8.54% (As of Dec. 2023)

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What is REN-Redes Energeticas Nacionais Sgps Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. REN-Redes Energeticas Nacionais Sgps's Tax Expense for the three months ended in Dec. 2023 was €-4.2 Mil. REN-Redes Energeticas Nacionais Sgps's Pre-Tax Income for the three months ended in Dec. 2023 was €49.0 Mil. Therefore, REN-Redes Energeticas Nacionais Sgps's Tax Rate % for the quarter that ended in Dec. 2023 was -8.54%.

REN-Redes Energeticas Nacionais Sgps Tax Rate % Historical Data

The historical data trend for REN-Redes Energeticas Nacionais Sgps'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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REN-Redes Energeticas Nacionais Sgps Tax Rate % Chart

REN-Redes Energeticas Nacionais Sgps Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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27.66

24.62

29.55

27.96

19.37

REN-Redes Energeticas Nacionais Sgps Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Tax Rate %	Get a 7-Day Free Trial															33.33	27.15	24.20	31.89	-8.54

REN-Redes Energeticas Nacionais Sgps Tax Rate % Calculation

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

REN-Redes Energeticas Nacionais Sgps'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 )
	=	42.655	/	220.246
	=	19.37 %

REN-Redes Energeticas Nacionais Sgps's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	-4.187	/	49.028
	=	-8.54 %

REN-Redes Energeticas Nacionais Sgps Tax Rate % Related Terms

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REN-Redes Energeticas Nacionais Sgps (XLIS:RENE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » REN-Redes Energeticas Nacionais Sgps SA (XLIS:RENE) » Definitions » Tax Rate %

Traded in Other Exchanges

0KBT:UK RN4:Germany

Address

Avenida Estados Unidos da America, 55, Lisbon, PRT, 1749-061

Website

http://www.ren.pt

REN-Redes Energeticas Nacionais Sgps SA is an energy and utilities company designed for the transmission and distributing electricity and natural gas. The company offers services that manage national energy transmission and distribution systems that include the national electric transmission grid (RNT), the national natural gas transportation grid (RNTGN) and the portgás distribution grid, enabling the creation of an Iberian electricity market that will develop the hydrogen corridor in Europe, together with other European TSOs (Enagas, GRTgaz, Terega and OGE).