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American Axle and Manufacturing Holdings Inc  (AXL)
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American Axle And Manufacturing Holdings Inc's Effective Tax Rate by quarter

Trends, Rankings, Statistics



AXL Effective Tax Rate (Mar 31 2024)
I. Quarter
(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
Y / Y Pre-Tax Income Change - - - -43.4 % -
Seq. Pre-Tax Income Change - - - - -
Pre-Tax Income In Millions $36.40 $-13.30 $-19.40 $13.30 $-5.10
Effective Tax Rate 43.68 % - - 39.85 % -
Effective Tax Rate Total Ranking # 1638 # # # 2051 #
Income taxes expenses / -benefit In Millions $15.90 $5.80 $-2.00 $5.30 $0.00
Y / Y Income taxes expenses / -benefit Change - - - 783.33 % -
Seq. Income taxes expenses / -benefit Change 174.14 % - - - -


Commenting First Quarter 2024 Effective Tax Rate
Company's effective tax rate in I. Quarter increased compare to previous quarter to 43.68 %, above company's average Effective Tax Rate.

Looking into I. Quarter results within Auto & Truck Parts industry 21 other companies have achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has deteriorated compare to previous quarter from to 1638.

AXL's Effective Tax Rate first quarter 2024 Company Ranking
Within: No.
Auto & Truck Parts Industry # 22
Consumer Discretionary Sector # 74
Overall # 1637

AXL's Effective Tax Rate Statistics
High Average Low
75 % 18.77 % 0.94 %
(Mar 31 2022)   (Dec 31 2015)




Other Effective Tax Rate Profitability Ratios
AXL's Cumulative Effective Tax Rate
Auto & Truck Parts Industry Effective Tax Rate Trends and Statistics
Consumer Discretionary Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
AXL's Effective Tax Rate Profitability versus Auto & Truck Parts Industry, Consumer Discretionary Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for AXL's Competitors
Effective Tax Rate Profit Margin for American Axle And Manufacturing Holdings Inc's Suppliers
Effective Tax Rate Profit Margin for AXL's Customers

You may also want to know
AXL's Annual Growth Rates AXL's Profitability Ratios AXL's Asset Turnover Ratio AXL's Dividend Growth
AXL's Roe AXL's Valuation Ratios AXL's Financial Strength Ratios AXL's Income taxes expenses / -benefit Growth
AXL's Roa AXL's Inventory Turnover Ratio AXL's Growth Rates AXL's Dividend Comparisons


Companies with similar Effective Tax Rate in the quarter ending Mar 31 2024, within Auto & Truck Parts Industry Effective Tax RateMar 31 2024 MRQ Income taxes expenses / -benefitMar 31 2024 MRQ Pre-Tax Income
Dana Inc   105.71 %$ 37.000 $ 35.000 
Phinia Inc   48.21 %$ 27.000 $ 56.000 
American Axle and Manufacturing Holdings Inc  43.68 %$ 15.900 $ 36.400 
Modine Manufacturing Co  33.92 %$ 13.400 $ 39.500 
Lkq Corporation  30.74 %$ 71.000 $ 231.000 
Visteon Corp  30.16 %$ 19.000 $ 63.000 
Commercial Vehicle Group Inc   28.47 %$ 1.170 $ 4.109 
Lear Corp  25.81 %$ 40.500 $ 156.900 
Dorman Products Inc   25.04 %$ 10.965 $ 43.793 
Standard Motor Products Inc   24.99 %$ 3.342 $ 13.371 
Lci Industries  24.32 %$ 11.745 $ 48.290 
Genuine Parts Co  23.46 %$ 76.287 $ 325.181 
Bwx Technologies Inc   22.45 %$ 19.843 $ 88.377 
Atmus Filtration Technologies Inc   21.96 %$ 12.800 $ 58.300 
Brunswick Corporation  21.38 %$ 18.600 $ 87.000 
Borgwarner Inc   21.38 %$ 62.000 $ 290.000 
Aptiv Plc  20.60 %$ 76.000 $ 369.000 
Harley davidson Inc   20.02 %$ 58.135 $ 290.368 
Garrett Motion Inc   18.52 %$ 15.000 $ 81.000 
Gentex Corporation  15.21 %$ 19.417 $ 127.648 
China Automotive Systems inc   14.79 %$ 1.743 $ 11.784 
Patrick Industries Inc   10.60 %$ 4.159 $ 39.252 




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