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Launch Tech Co (HKSE:02488) Tax Rate % : 2.96% (As of Jun. 2024)


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What is Launch Tech Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Launch Tech Co's Tax Expense for the six months ended in Jun. 2024 was HK$5 Mil. Launch Tech Co's Pre-Tax Income for the six months ended in Jun. 2024 was HK$169 Mil. Therefore, Launch Tech Co's Tax Rate % for the quarter that ended in Jun. 2024 was 2.96%.

Launch Tech Co Tax Rate % Historical Data

The historical data trend for Launch Tech 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.

* Premium members only.

Launch Tech Co Tax Rate % Chart

Launch Tech Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.00 -0.98 9.48 4.22 2.28

Launch Tech Co 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 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 3.17 4.37 3.14 1.73 2.96

Launch Tech Co Tax Rate % Calculation

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

Launch Tech 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 )
=4.311/189.053
=2.28 %

Launch Tech Co'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 )
=5.019/169.28
=2.96 %

* 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.

Launch Tech Co Tax Rate % Related Terms

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Launch Tech Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Launch Tech Co Ltd (HKSE:02488) » Definitions » Tax Rate %
Comparable Companies
HKSE:01899 HKSE:00305 HKSE:00951 HKSE:01760 HKSE:02025 HKSE:00360 HKSE:01571 HKSE:06830 HKSE:08418 HKSE:00096 TSE:6902 TSE:5108 XPAR:ML SHSE:600660 XKRX:012330 APTV GPC NSE:MOTHERSON XTER:KBX XTER:CON
Traded in Other Exchanges
LAN:Germany
Address
Launch Industrial Park, North of Wuhe Road, Banxuegang, Longgang District, Shenzhen, CHN, 518129
Website
https://www.cnlaunch.com
Launch Tech Co Ltd principally engages in the provision of products and services serving the automotive aftermarket and the automobile industry mainly in the People's Republic of China and certain overseas countries. The company operates its business through three reportable segments. The Automotive Diagnosis segment generates the majority of the earnings for the company. It is involved in the research and development, production and sales of automotive diagnostic and inspection products. The Lift segment is engaged in the research and development, production and sales of machinery products in the automotive aftermarket. The Overseas Sales segment develops and maintains European distributors and customers.
Executives
Cao Guanye 2101 Beneficial owner

Launch Tech Co Headlines

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