LG Electronics (FRA:LGLG) Tax Rate % : 23.16% (As of Dec. 2023)

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

LG Electronics Tax Rate % Definition

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. LG Electronics's Tax Expense for the three months ended in Dec. 2023 was €-16 Mil. LG Electronics's Pre-Tax Income for the three months ended in Dec. 2023 was €-70 Mil. Therefore, LG Electronics's Tax Rate % for the quarter that ended in Dec. 2023 was 23.16%.

LG Electronics Tax Rate % Historical Data

The historical data trend for LG Electronics'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.

LG Electronics Tax Rate % Chart

LG Electronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

Get a 7-Day Free Trial

65.96

17.84

27.55

20.96

38.52

LG Electronics 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															63.23	41.53	49.67	25.21	23.16

LG Electronics Tax Rate % Calculation

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

LG Electronics'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 )
	=	506.315	/	1314.54
	=	38.52 %

LG Electronics'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 )
	=	-16.119	/	-69.599
	=	23.16 %

LG Electronics Tax Rate % Related Terms

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

LG Electronics (FRA:LGLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » LG Electronics Inc (FRA:LGLG) » Definitions » Tax Rate %

Traded in Other Exchanges

066575:Korea 066570:Korea LGLD:UK

Address

Twin Tower 128, Yeoui-daero, Yeongdeungpo-gu, Seoul, KOR, 07336

Website

https://www.lge.co.kr

LG Electronics Inc is a South Korea-based company that produces a broad range of electronic products. Its businesses are the home entertainment segment, which produces and sells TVs and digital media products; the mobile communications segment, which produces and sells mobile communications equipment; the home appliance and air solutions segment, which produces and sells washing machines, refrigerators, and other products; the vehicle components segment, which designs and produces vehicle parts; the business solutions segment, which manufactures and sells PCs, solar panels, and other products; and Innotek, which sells substrates, sensors, and other items. The company generates the majority of total revenue from the home entertainment and home appliance and air solutions segments.

LG Electronics (FRA:LGLG) Headlines

No Headlines