GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Millennium Group International Holdings Ltd (NAS:MGIH) » Definitions » Tax Rate %

MGIH (Millennium Group International Holdings) Tax Rate % : -4.76% (As of Jun. 2024)


View and export this data going back to 2023. Start your Free Trial

What is Millennium Group International Holdings Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Millennium Group International Holdings's Tax Expense for the six months ended in Jun. 2024 was $0.36 Mil. Millennium Group International Holdings's Pre-Tax Income for the six months ended in Jun. 2024 was $-7.52 Mil. Therefore, Millennium Group International Holdings's Tax Rate % for the quarter that ended in Jun. 2024 was -4.76%.

Millennium Group International Holdings Tax Rate % Historical Data

The historical data trend for Millennium Group International Holdings'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.

Millennium Group International Holdings Tax Rate % Chart

Millennium Group International Holdings Annual Data
Trend Jun21 Jun22 Jun23 Jun24
Tax Rate %
17.91 18.03 17.87 -2.42

Millennium Group International Holdings Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Tax Rate % Get a 7-Day Free Trial 13.53 12.08 13.71 14.56 -4.76

Millennium Group International Holdings Tax Rate % Calculation

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

Millennium Group International Holdings's Tax Rate % for the fiscal year that ended in Jun. 2024 is calculated as

Tax Rate %=Tax Expense (A: Jun. 2024 )/Pre-Tax Income (A: Jun. 2024 )
=0.207/-8.563
=-2.42 %

Millennium Group International Holdings'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 )
=0.358/-7.519
=-4.76 %

* 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.

Millennium Group International Holdings Tax Rate % Related Terms

Thank you for viewing the detailed overview of Millennium Group International Holdings's Tax Rate % provided by GuruFocus.com. Please click on the following links to see related term pages.

Millennium Group International Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Millennium Group International Holdings Ltd (NAS:MGIH) » Definitions » Tax Rate %
Comparable Companies
YHGJ DSS OCTO IP SW PKG AMCR AVY BALL CCK TSX:CCL.A XSWX:SIGN BERY GPK SLGN REYN SEE SON SZSE:002812 OHEL:HUH1V
Traded in Other Exchanges
N/A
Address
Flat B-C, 1st Floor, Wang Kwong Industrial Buiding, 45 Hung To Road, Kwun Tong, Kowloon, Hong Kong, HKG, 999077
Website
https://www.millennium-gp.com
Millennium Group International Holdings Ltd is a paper-based packaging solutions supplier. It offers paper-based inner and outer packaging products which can be broadly categorized into packaging products, Packaging products supply chain management solutions and corrugated products.

Millennium Group International Holdings Headlines

From GuruFocus

MGIH Surges Over 245% Amid Strong Market Performance

By GuruFocus News • 12-26-2024

Millennium Group International Holdings Wins Two 2023 MUSE Design Awards

By Marketwired • 09-20-2023