Qudian (LTS:0A2T) Tax Rate % : -50.66% (As of Mar. 2024)

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What is Qudian Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Qudian's Tax Expense for the three months ended in Mar. 2024 was $3.44 Mil. Qudian's Pre-Tax Income for the three months ended in Mar. 2024 was $-6.78 Mil. Therefore, Qudian's Tax Rate % for the quarter that ended in Mar. 2024 was -50.66%.

Qudian Tax Rate % Historical Data

The historical data trend for Qudian'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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Qudian Tax Rate % Chart

Qudian Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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16.10

21.46

30.77

-34.28

61.43

Qudian Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															17.12	-32.67	12.05	12.89	-50.66

Qudian Tax Rate % Calculation

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

Qudian'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 )
	=	8.731	/	14.212
	=	61.43 %

Qudian's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	3.437	/	-6.784
	=	-50.66 %

Qudian Tax Rate % Related Terms

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Qudian (LTS:0A2T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Qudian Inc (LTS:0A2T) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

QD:USA 1QU:Germany

Address

Tower A, AVIC Zijin Plaza, Siming District, Fujian Province, Xiamen, CHN, 361000

Website

https://www.qudian.com

Qudian Inc is a consumer-oriented technology company engaged in the operation of online platforms to provide small consumer credit products in the People's Republic of China. The Group's cash credit products comprised short-term, unsecured lines of credit that could be drawn down at any time, subject to the Group's approval at the time of each drawdown request. Borrowers were typically charged financing service fees for cash credit drawdowns. It derives a majority of its revenue from the People's Republic of China.

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