MTI Wireless Edge (LSE:MWE) Tax Rate % : 4.38% (As of Sep. 2024)

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What is MTI Wireless Edge Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. MTI Wireless Edge's Tax Expense for the three months ended in Sep. 2024 was £0.04 Mil. MTI Wireless Edge's Pre-Tax Income for the three months ended in Sep. 2024 was £0.96 Mil. Therefore, MTI Wireless Edge's Tax Rate % for the quarter that ended in Sep. 2024 was 4.38%.

MTI Wireless Edge Tax Rate % Historical Data

The historical data trend for MTI Wireless Edge'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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MTI Wireless Edge Tax Rate % Chart

MTI Wireless Edge Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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13.30

13.92

8.13

10.84

15.71

MTI Wireless Edge 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															13.35	13.45	18.22	20.31	4.38

MTI Wireless Edge Tax Rate % Calculation

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

MTI Wireless Edge'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 )
	=	0.6	/	3.82
	=	15.71 %

MTI Wireless Edge'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 )
	=	0.042	/	0.959
	=	4.38 %

MTI Wireless Edge Tax Rate % Related Terms

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MTI Wireless Edge Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MTI Wireless Edge Ltd (LSE:MWE) » Definitions » Tax Rate %

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Traded in Other Exchanges

M7O:Germany

Address

11 Hamelacha Street, Afek Industrial Park, Rosh-Ha'Ayin, ISR, 4809121

Website

https://www.mtiwirelessedge.com

MTI Wireless Edge Ltd is an Israel-based company engaged in three segments; the antennas segment includes the development, design, manufacture, and marketing of antennas for the military and civilian sectors, Water solutions segment is a provider of remote control solutions for water and irrigation applications based on Motorola's IRRInet state of the art control, monitoring and communication technologies, and Distribution and Consultation segment provides consulting representation, and marketing services to foreign companies in the field of RF (radio frequency) and Microwave, including engineering services in the field of aerostat systems and system engineering services, and development, manufacture, and integration of communication systems and monitoring and control systems.