FORMETAL Co (XKRX:119500) Tax Rate % : 0.71% (As of Mar. 2024)

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What is FORMETAL Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. FORMETAL Co's Tax Expense for the three months ended in Mar. 2024 was ₩3 Mil. FORMETAL Co's Pre-Tax Income for the three months ended in Mar. 2024 was ₩374 Mil. Therefore, FORMETAL Co's Tax Rate % for the quarter that ended in Mar. 2024 was 0.71%.

FORMETAL Co Tax Rate % Historical Data

The historical data trend for FORMETAL 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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FORMETAL Co Tax Rate % Chart

FORMETAL Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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0.27

2.57

2.33

1.31

2.71

FORMETAL Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															0.49	13.38	3.37	-16.17	0.71

FORMETAL Co Tax Rate % Calculation

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

FORMETAL 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 )
	=	53.228	/	1962.701
	=	2.71 %

FORMETAL 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 )
	=	2.66	/	373.681
	=	0.71 %

FORMETAL Co Tax Rate % Related Terms

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FORMETAL Co (XKRX:119500) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » FORMETAL Co Ltd (XKRX:119500) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1741, Mujang-ri, Jigok-myeon, Chungcheongnam-do, Seosan, KOR

Website

http://www.formetal.co.kr

FORMETAL Co Ltd is a Korea based manufacturer of various types of forgings and supplies components of precision instruments. The products offered by the company are RV gear, hold flange, shaft, sprocket, oil cap, ice cleat, center bearing, fork shift, yoke, spindle, pole, crank shaft and cam shaft, among others. The products are used in automobile, defense industry, wind power generation, heavy equipment, agricultural machine, and in other industries.

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