HLP (Hongli Group) Tax Rate % : -0.63% (As of Jun. 2024)

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What is Hongli Group Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Hongli Group's Tax Expense for the six months ended in Jun. 2024 was $0.01 Mil. Hongli Group's Pre-Tax Income for the six months ended in Jun. 2024 was $-1.89 Mil. Therefore, Hongli Group's Tax Rate % for the quarter that ended in Jun. 2024 was -0.63%.

Hongli Group Tax Rate % Historical Data

The historical data trend for Hongli Group'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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Hongli Group Tax Rate % Chart

Hongli Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

22.08

8.97

7.59

8.72

7.30

Hongli Group Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Tax Rate %	Get a 7-Day Free Trial					4.84	14.79	7.66	2.82	-0.63

Hongli Group Tax Rate % Calculation

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

Hongli Group'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 )
	=	0.068	/	0.932
	=	7.30 %

Hongli Group'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 )
	=	0.012	/	-1.891
	=	-0.63 %

Hongli Group Tax Rate % Related Terms

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Hongli Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hongli Group Inc (NAS:HLP) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Beisanli Street, Economic Development Zone, Changle County, Weifang, Shandong, CHN, 262400

Website

https://www.hlyxgg.com

Hongli Group Inc is a cold roll formed steel profile manufacturer in China. It customizes and manufactures cold roll formed steel profiles for machinery and equipment in a variety of sectors, including but not limited to mining and excavation, construction, agriculture and transportation.