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Chaowei Power Holdings (FRA:EWC) Tax Rate % : 23.44% (As of Jun. 2024)


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What is Chaowei Power Holdings Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Chaowei Power Holdings's Tax Expense for the six months ended in Jun. 2024 was €12 Mil. Chaowei Power Holdings's Pre-Tax Income for the six months ended in Jun. 2024 was €52 Mil. Therefore, Chaowei Power Holdings's Tax Rate % for the quarter that ended in Jun. 2024 was 23.44%.

Chaowei Power Holdings Tax Rate % Historical Data

The historical data trend for Chaowei Power Holdings'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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Chaowei Power Holdings Tax Rate % Chart

Chaowei Power Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.01 31.80 28.14 29.72 19.99

Chaowei Power Holdings Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 30.01 28.53 31.11 23.44 8.50

Chaowei Power Holdings Tax Rate % Calculation

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

Chaowei Power Holdings'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 )
=28.808/96.94
=29.72 %

Chaowei Power Holdings'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 )
=12.258/52.287
=23.44 %

* 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.

Chaowei Power Holdings Tax Rate % Related Terms

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Chaowei Power Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Chaowei Power Holdings Ltd (FRA:EWC) » Definitions » Tax Rate %
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Traded in Other Exchanges
00951:Hong Kong
Address
No. 18, Chengnan Road, Huaxi Industrial Function Area, Changxing County, Zhejiang Province, Huzhou, CHN, 313100
Website
https://www.chaowei.com.hk
Chaowei Power Holdings Ltd is engaged in the manufacturing and sales of lead-acid motive batteries, lithium-ion batteries and other related products, which are primarily used in electric bikes, electric tricycles and special-purpose electric vehicles. The largest business segment is the production of lead-acid batteries for electric bikes. Smaller segments produce lithium-ion batteries and related products. The company supplies its batteries directly to electric bike manufacturers, as well as to a network of independent distributors selling batteries on the secondary market. Nearly all of Chaowei Power's revenue is generated in China.