Guangzhou Newlife New Material Co (SZSE:301323) Tax Rate % : 10.46% (As of Mar. 2024)

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What is Guangzhou Newlife New Material Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Guangzhou Newlife New Material Co's Tax Expense for the three months ended in Mar. 2024 was ¥4.2 Mil. Guangzhou Newlife New Material Co's Pre-Tax Income for the three months ended in Mar. 2024 was ¥40.5 Mil. Therefore, Guangzhou Newlife New Material Co's Tax Rate % for the quarter that ended in Mar. 2024 was 10.46%.

Guangzhou Newlife New Material Co Tax Rate % Historical Data

The historical data trend for Guangzhou Newlife New Material Co'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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Guangzhou Newlife New Material Co Tax Rate % Chart

Guangzhou Newlife New Material Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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13.35

13.10

12.10

11.45

11.35

Guangzhou Newlife New Material Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial										9.13	11.44	11.34	13.10	10.46

Guangzhou Newlife New Material Co Tax Rate % Calculation

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

Guangzhou Newlife New Material Co'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 )
	=	17.935	/	157.996
	=	11.35 %

Guangzhou Newlife New Material Co's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	4.238	/	40.517
	=	10.46 %

Guangzhou Newlife New Material Co Tax Rate % Related Terms

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Guangzhou Newlife New Material Co (SZSE:301323) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guangzhou Newlife New Material Co Ltd (SZSE:301323) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

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Address

No. 4, Canghai 4th Road, Guangzhou Economic and Technological Development Zone, Yonghe Economic Zone, Guangdong, Guangzhou, CHN, 511356

Website

http://www.kingmagnet.com

Guangzhou Newlife New Material Co Ltd is focused on the research and development and production of magnetic materials, electronic ceramic materials and devices. Its products are divided into two major product directions: civil and industrial. Industrial products mainly focus on the research and development and production of mobile phones and micro-motor peripheral products, including varistors, copper (high specific gravity alloys), thermistors (NTC), high-energy radiation protection materials, medical radiation shielding materials, nuclear radiation shielding materials, etc. Civilian products include magnetic glue materials, magnetic products, Jingyisi, magnetic advertising materials, soft magnetic coatings, etc.

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