LG Chem (XKRX:051910) Tax Rate % : 27.98% (As of Dec. 2023)

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What is LG Chem Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. LG Chem's Tax Expense for the three months ended in Dec. 2023 was ₩60,929 Mil. LG Chem's Pre-Tax Income for the three months ended in Dec. 2023 was ₩217,795 Mil. Therefore, LG Chem's Tax Rate % for the quarter that ended in Dec. 2023 was 27.98%.

LG Chem Tax Rate % Historical Data

The historical data trend for LG Chem'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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LG Chem Tax Rate % Chart

LG Chem Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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29.45

38.65

25.26

22.93

17.31

LG Chem 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															384.68	26.93	13.69	2.42	27.98

LG Chem Tax Rate % Calculation

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

LG Chem'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 )
	=	432501	/	2498140
	=	17.31 %

LG Chem'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 )
	=	60929	/	217795
	=	27.98 %

LG Chem Tax Rate % Related Terms

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LG Chem (XKRX:051910) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » LG Chem Ltd (XKRX:051910) » Definitions » Tax Rate %

Traded in Other Exchanges

051915:Korea

Address

LG Twin Towers, 128, Yeoui-daero, Youngdungpo-gu, Seoul, KOR, 150-721

Website

http://www.lgchem.com

LG Chem Ltd manufactures and sells a variety of chemicals, electronics, and energy storage products. The company operates in three major segments: Basic Materials & Chemicals, IT & Electronic Materials, and Energy Solutions. The Basic Materials & Chemicals segment, which generates the majority of revenue, sells plastics including naphtha, polyvinyl chloride (PVC), engineered plastics, and polyolefin, as well as rubber-based products. The IT & Electronic Materials segment sells a range of products that includes optical and circuit board materials. The Energy Solutions segment sells mobile and automotive batteries and energy storage systems. LG Corporation is the company's largest shareholder, owning around one third of outstanding shares. The majority of revenue comes from Asia.

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