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MP Materials (MEX:MP) Tax Rate % : 34.21% (As of Dec. 2024)


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What is MP Materials Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. MP Materials's Tax Expense for the three months ended in Dec. 2024 was MXN-242 Mil. MP Materials's Pre-Tax Income for the three months ended in Dec. 2024 was MXN-708 Mil. Therefore, MP Materials's Tax Rate % for the quarter that ended in Dec. 2024 was 34.21%.

MP Materials Tax Rate % Historical Data

The historical data trend for MP Materials'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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MP Materials Tax Rate % Chart

MP Materials Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Tax Rate %
Get a 7-Day Free Trial 44.69 15.70 15.29 26.51 29.91

MP Materials Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 21.29 30.23 29.28 26.82 34.21

MP Materials Tax Rate % Calculation

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

MP Materials's Tax Rate % for the fiscal year that ended in Dec. 2024 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2024 )/Pre-Tax Income (A: Dec. 2024 )
=-582.354/-1946.817
=29.91 %

MP Materials's Tax Rate % for the quarter that ended in Dec. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2024 )/Pre-Tax Income (Q: Dec. 2024 )
=-242.322/-708.28
=34.21 %

* 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.

MP Materials Tax Rate % Related Terms

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MP Materials Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MP Materials Corp (MEX:MP) » Definitions » Tax Rate %
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MTRN NEXA GSM TMC USAR CMP REEMF LZM UAMY SPGX ASX:BHP ASX:RIO LSE:RIO SAU:1211 LSE:GLEN BSP:VALE3 MEX:GMEXICOB LSE:AAL ASX:FMG BOM:500188
Traded in Other Exchanges
MP:USA 55H0:Germany
Address
1700 S. Pavilion Center Drive, Suite 800, Las Vegas, NV, USA, 89135
Website
https://www.mpmaterials.com
MP Materials Corp is the producer of rare earth materials in the Western Hemisphere. The company owns and operates the Mountain Pass Rare Earth Mine and Processing Facility, the only rare earth mining and processing site of scale in North America. The company is also developing a rare earth metal, alloy, and magnet manufacturing facility in Fort Worth, Texas. The company's operations are organized into two reportable segments: Materials and Magnetics.