Lenovo Group (Lenovo Group) Tax Rate % : 20.00% (As of Dec. 2023)

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What is Lenovo Group Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Lenovo Group's Tax Expense for the three months ended in Dec. 2023 was $94 Mil. Lenovo Group's Pre-Tax Income for the three months ended in Dec. 2023 was $471 Mil. Therefore, Lenovo Group's Tax Rate % for the quarter that ended in Dec. 2023 was 20.00%.

Lenovo Group Tax Rate % Historical Data

The historical data trend for Lenovo Group'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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Lenovo Group Tax Rate % Chart

Lenovo Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Tax Rate %

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23.28

20.95

25.99

22.49

21.31

Lenovo Group 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															20.34	19.05	19.60	19.17	20.00

Lenovo Group Tax Rate % Calculation

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

Lenovo Group's Tax Rate % for the fiscal year that ended in Mar. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Mar. 2023 )	/	Pre-Tax Income (A: Mar. 2023 )
	=	455.156	/	2135.987
	=	21.31 %

Lenovo Group'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 )
	=	94.23	/	471.043
	=	20.00 %

Lenovo Group Tax Rate % Related Terms

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Lenovo Group (Lenovo Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lenovo Group Ltd (OTCPK:LNVGY) » Definitions » Tax Rate %

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Traded in Other Exchanges

LNVGF:USA 00992:Hong Kong LHL:Germany

Address

979 King's Road, 23rd Floor, Lincoln House, Taikoo Place, Quarry Bay, Hong Kong, HKG

Website

https://www.lenovo.com

Lenovo is a global technology hardware company with a leading market share in personal computers. Its operations are divided into three main business segments: PC and smart devices, mobile, and data center, which we expect to account for 55%, 11%, and 19% of sales in the midterm, respectively. The firm has been actively growing its data center business, which primarily sells network servers to enterprise and hyperscale customers, as well as storage equipment through its mainland China joint venture with NetApp. Server-related revenue contribution has jumped to 16% of overall sales in fiscal 2022, from 6% in 2015.