Magontec (ASX:MGL) Tax Rate % : -9.01% (As of Jun. 2024)

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What is Magontec Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Magontec's Tax Expense for the six months ended in Jun. 2024 was A$0.43 Mil. Magontec's Pre-Tax Income for the six months ended in Jun. 2024 was A$-4.82 Mil. Therefore, Magontec's Tax Rate % for the quarter that ended in Jun. 2024 was -9.01%.

Magontec Tax Rate % Historical Data

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

Magontec Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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-24.21

-233.49

25.59

30.72

76.52

Magontec Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Tax Rate %	Get a 7-Day Free Trial															29.19	37.56	42.67	12.07	-9.01

Magontec Tax Rate % Calculation

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

Magontec'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 )
	=	1.519	/	1.985
	=	76.52 %

Magontec's Tax Rate % for the quarter that ended in Jun. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Jun. 2024 )	/	Pre-Tax Income (Q: Jun. 2024 )
	=	0.434	/	-4.816
	=	-9.01 %

Magontec Tax Rate % Related Terms

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Magontec Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magontec Ltd (ASX:MGL) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

N/A

Address

46A Macleay Street, Suite 1.03, Potts Point, Sydney, NSW, AUS, 2011

Website

http://www.magontec.com

Magontec Ltd is engaged in the manufacturing and sale of generic and specialist magnesium alloys as well as magnesium and titanium cathodic corrosion protection products. It also researches and develops new proprietary magnesium alloys and technologies. The company's products and services are Primary Mg Alloy, Magnesium Alloy Recycling, and Cathodic Corrosion Protection. It has three segments: Admin, EUR and PRC.

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