China Merchants Bank Co (China Merchants Bank Co) Tax Rate % : 20.27% (As of Dec. 2023)

View and export this data going back to 2011. Start your Free Trial

What is China Merchants Bank Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. China Merchants Bank Co's Tax Expense for the three months ended in Dec. 2023 was $1,176 Mil. China Merchants Bank Co's Pre-Tax Income for the three months ended in Dec. 2023 was $5,803 Mil. Therefore, China Merchants Bank Co's Tax Rate % for the quarter that ended in Dec. 2023 was 20.27%.

China Merchants Bank Co Tax Rate % Historical Data

The historical data trend for China Merchants Bank 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.

* Premium members only.

China Merchants Bank Co Tax Rate % Chart

China Merchants Bank Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

Get a 7-Day Free Trial

20.24

19.99

18.45

15.64

16.20

China Merchants Bank Co 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															12.35	16.33	15.44	13.02	20.27

China Merchants Bank Co Tax Rate % Calculation

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

China Merchants Bank 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 )
	=	4007.171	/	24735.722
	=	16.20 %

China Merchants Bank Co'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 )
	=	1176.017	/	5802.779
	=	20.27 %

China Merchants Bank Co Tax Rate % Related Terms

Thank you for viewing the detailed overview of China Merchants Bank Co's Tax Rate % provided by GuruFocus.com. Please click on the following links to see related term pages.

China Merchants Bank Co (China Merchants Bank Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » China Merchants Bank Co Ltd (OTCPK:CIHKY) » Definitions » Tax Rate %

Traded in Other Exchanges

CIHHF:USA 03968:Hong Kong M4B:Germany M4B:Germany 600036:China

Address

No. 7088, Shennan Boulevard, 19 Floor, China Merchants Bank Building, Futian District, Guangdong Province, Shenzhen, CHN, 518040

Website

https://www.cmbchina.com

China Merchants Bank, with headquarters in Shenzhen, was founded in 1987. The bank is China's seventh-largest listed bank by assets, with the largest distribution network among China's joint-stock banks. CMB's network has been expanding rapidly. Its outlets are located mainly in China's more developed areas, including the Pearl River and Yangtze River deltas. The firm has 18% and 82% of its shares listed on the Hong Kong and Shanghai exchanges, respectively. It has no foreign strategic investors. China Merchants Group is its largest shareholder, with a 30% stake. Retail banking, corporate banking and wholesale banking accounted for 57%, 41%, and 2% of total profit before tax, respectively, and 56%, 41%, and 3% of total revenue in 2022.

China Merchants Bank Co (China Merchants Bank Co) Headlines

From GuruFocus

Matthews China Fund Comments on China Merchants Bank

By Sydnee Gatewood • 07-20-2021

Matthews China Fund's 2nd-Quarter Commentary

By Sydnee Gatewood • 07-20-2021

3 High-Performing Stocks

By Alberto Abaterusso Alberto Abaterusso • 10-03-2019