Angang Steel Co (HKSE:00347) Tax Rate % : -0.42% (As of Sep. 2024)

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What is Angang Steel Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Angang Steel Co's Tax Expense for the three months ended in Sep. 2024 was HK$11 Mil. Angang Steel Co's Pre-Tax Income for the three months ended in Sep. 2024 was HK$-2,615 Mil. Therefore, Angang Steel Co's Tax Rate % for the quarter that ended in Sep. 2024 was -0.42%.

Angang Steel Co Tax Rate % Historical Data

The historical data trend for Angang Steel Co'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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Angang Steel Co Tax Rate % Chart

Angang Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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10.75

16.94

21.89

151.30

22.19

Angang Steel Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Tax Rate %	Get a 7-Day Free Trial															30.74	11.65	-1.54	-2.51	-0.42

Angang Steel Co Tax Rate % Calculation

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

Angang Steel Co'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 )
	=	-1005.183	/	-4530.432
	=	22.19 %

Angang Steel Co's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Sep. 2024 )	/	Pre-Tax Income (Q: Sep. 2024 )
	=	11.01	/	-2614.984
	=	-0.42 %

Angang Steel Co Tax Rate % Related Terms

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Angang Steel Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Angang Steel Co Ltd (HKSE:00347) » Definitions » Tax Rate %

Traded in Other Exchanges

ANGGF:USA GNV:Germany 000898:China

Address

Production Area of Angang Steel, Tie Xi District, Liaoning Province, Anshan, CHN, 114021

Website

http://www.ansteel.com.cn

Angang Steel Co Ltd is engaged in the steel rolling and processing industry. The Company is classified into an operating segment based on the type of business: production and sale of steel products. The Company's products have diversified structures and include hot rolled sheets, medium and thick plates, cold rolled sheets, color coating plates, heavy rails, seamless steel pipes and wire rods, and other products. These products are widely used in industries such as machinery, metallurgy, petroleum, chemical industry, coal, electric power, railway, shipbuilding, automobile, construction, home electrical appliances, and aviation. Geographically, the group derives a majority of its revenue from the China region.

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Angang Steel Co Headlines

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