McGrath (ASX:MEA) Tax Rate % : 15.07% (As of Dec. 2023)

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What is McGrath Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. McGrath's Tax Expense for the six months ended in Dec. 2023 was A$1.33 Mil. McGrath's Pre-Tax Income for the six months ended in Dec. 2023 was A$8.84 Mil. Therefore, McGrath's Tax Rate % for the quarter that ended in Dec. 2023 was 15.07%.

McGrath Tax Rate % Historical Data

The historical data trend for McGrath'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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McGrath Tax Rate % Chart

McGrath Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Tax Rate %

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12.61

60.14

9.75

27.19

20.55

McGrath Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Tax Rate %	Get a 7-Day Free Trial												26.99	27.47	39.67	8.54	15.07

McGrath Tax Rate % Calculation

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

McGrath's Tax Rate % for the fiscal year that ended in Jun. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Jun. 2023 )	/	Pre-Tax Income (A: Jun. 2023 )
	=	1.603	/	7.8
	=	20.55 %

McGrath'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 )
	=	1.331	/	8.835
	=	15.07 %

McGrath Tax Rate % Related Terms

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McGrath (ASX:MEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » McGrath Ltd (ASX:MEA) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Pyrmont Street, Pyrmont, NSW, AUS, 2009

Website

https://www.mcgrath.com.au

McGrath Ltd is a real estate company. It provides a range of services including residential property sales, property management, mortgage broking, auction services, and career training. It operates in the following segments: Company owned sales; Company owned property management; Franchise services; and Other. Geographically, all the business activities of the group function through Australia. The majority of its revenue gets derived from Company owned sales segment that comprises company-owned sales offices for which McGrath earns sales commission revenue including property marketing fees paid by vendor clients.

McGrath (ASX:MEA) Headlines

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