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Commercial Metals Company  (CMC)
Other Ticker:  
 
    Sector  Basic Materials    Industry Iron & Steel
   Industry Iron & Steel
   Sector  Basic Materials


Commercial Metals's Effective Tax Rate by quarter

Trends, Rankings, Statistics



CMC Effective Tax Rate (Feb 29 2024)
II. Quarter
(Nov 30 2023)
I. Quarter
(Aug 31 2023)
IV. Quarter
(May 31 2023)
III. Quarter
(Feb 28 2023)
II. Quarter
Y / Y Pre-Tax Income Change -50.35 % -33.62 % - -23.44 % -53.8 %
Seq. Pre-Tax Income Change -47.97 % - - 31.67 % -30.43 %
Pre-Tax Income In Millions $116.92 $224.70 $-54.56 $310.07 $235.49
Effective Tax Rate 26.58 % 21.55 % - 24.54 % 23.63 %
Effective Tax Rate Total Ranking # 4 # 711 # # 1359 # 1242
Income taxes expenses / -benefit In Millions $31.07 $48.42 $14.31 $76.10 $55.64
Y / Y Income taxes expenses / -benefit Change -44.16 % -36.89 % - -17.81 % -55.99 %
Seq. Income taxes expenses / -benefit Change -35.83 % 238.31 % - 36.77 % -27.48 %


Commenting Second Quarter 2024 Effective Tax Rate
Company's effective tax rate in II. Quarter increased compare to previous quarter to 26.58 %, below company's average Effective Tax Rate.

Looking into II. Quarter results within Iron & Steel industry Commercial Metals Company achieved lowest Effective Tax Rate. While Effective Tax Rate total ranking has impoved so far to 4, from total ranking in previous quarter at 711.

CMC's Effective Tax Rate second quarter 2024 Company Ranking
Within: No.
Iron & Steel Industry # 1
Basic Materials Sector # 1
Overall # 4

CMC's Effective Tax Rate Statistics
High Average Low
87.13 % 28.19 % 6.95 %
(Aug 31 2013)   (Aug 31 2018)




Other Effective Tax Rate Profitability Ratios
CMC's Cumulative Effective Tax Rate
Iron & Steel Industry Effective Tax Rate Trends and Statistics
Basic Materials Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
CMC's Effective Tax Rate Profitability versus Iron & Steel Industry, Basic Materials Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for CMC's Competitors
Effective Tax Rate Profit Margin for Commercial Metals's Suppliers
Effective Tax Rate Profit Margin for CMC's Customers

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


Companies with similar Effective Tax Rate in the quarter ending Feb 29 2024, within Iron & Steel Industry Effective Tax RateFeb 29 2024 MRQ Income taxes expenses / -benefitFeb 29 2024 MRQ Pre-Tax Income
Commercial Metals Company  26.58 %$ 31.072 $ 116.919 




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