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Soltec Power Holdings (XMAD:SOL) Tax Rate % : 34.28% (As of Jun. 2023)


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What is Soltec Power Holdings Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Soltec Power Holdings's Tax Expense for the six months ended in Jun. 2023 was €-7.5 Mil. Soltec Power Holdings's Pre-Tax Income for the six months ended in Jun. 2023 was €-21.9 Mil. Therefore, Soltec Power Holdings's Tax Rate % for the quarter that ended in Jun. 2023 was 34.28%.

Soltec Power Holdings Tax Rate % Historical Data

The historical data trend for Soltec Power Holdings'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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Soltec Power Holdings Tax Rate % Chart

Soltec Power Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Tax Rate %
-272.22 54.24 78.80 27.74

Soltec Power Holdings Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Tax Rate % Get a 7-Day Free Trial 27.30 14.30 -4.72 16.55 34.28

Soltec Power Holdings Tax Rate % Calculation

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

Soltec Power Holdings's Tax Rate % for the fiscal year that ended in Dec. 2022 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2022 )/Pre-Tax Income (A: Dec. 2022 )
=5.016/18.079
=27.74 %

Soltec Power Holdings's Tax Rate % for the quarter that ended in Jun. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Jun. 2023 )/Pre-Tax Income (Q: Jun. 2023 )
=-7.517/-21.931
=34.28 %

* 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.

Soltec Power Holdings Tax Rate % Related Terms

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Soltec Power Holdings (XMAD:SOL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Soltec Power Holdings SA (XMAD:SOL) » Definitions » Tax Rate %
Comparable Companies
XMAD:SPH FSLR SHSE:688223 ENPH SZSE:002459 SHSE:688599 SHSE:688472 HKSE:00968 SHSE:600732 SEDG HKSE:03800 SZSE:300118 SZSE:002865 ARRY SHLS SZSE:002506 HKSE:01799 XTER:S92 NXT RUN
Traded in Other Exchanges
0AC5:UK 5PZ:Germany
Address
Gabriel Campillo Street, Poligono Industrial la Serreta s/n, Molina de Segura, Murcia, ESP, 30500
Website
http://www.soltecpowerholdings.com
Soltec Power Holdings SA is specialized in providing integrated solutions in solar PV energy. The company designs, manufactures and installs solar tracking systems and develops solar power projects. Its business is divided into industrial (trackers and construction services) business line, which is also referred to as Soltec Industrial, and project development business line, which is also referred to as Powertis. It offers a portfolio of solar trackers, including the SF8 and SF7 single-axis trackers, the SF8 and SF7 bi-facial trackers and the SF7 Tandem.