Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) Tax Rate %: 17.04% (As of Dec. 2023)

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MIC:MAGN Magnitogorsk Iron & Steel Works PJSC MIC:MAGN
17 GF Score
Price ₽19.67
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What is Magnitogorsk Iron & Steel Works PJSC Tax Rate %?

Magnitogorsk Iron & Steel Works PJSC MIC:MAGN +2.58% 17 Tax Rate % is 17.04% as of Dec. 2023. GuruFocus rates MIC:MAGN with a GF Score™ of 17/100.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Magnitogorsk Iron & Steel Works PJSC's Tax Expense for the six months ended in Dec. 2023 was ₽13,707 Mil. Magnitogorsk Iron & Steel Works PJSC's Pre-Tax Income for the six months ended in Dec. 2023 was ₽80,449 Mil. Therefore, Magnitogorsk Iron & Steel Works PJSC's Tax Rate % for the quarter that ended in Dec. 2023 was 17.04%.

Magnitogorsk Iron & Steel Works PJSC Tax Rate % Related Terms

Magnitogorsk Iron & Steel Works PJSC Tax Rate % Historical Data

* Premium members only.

The historical data trend for Magnitogorsk Iron & Steel Works PJSC'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.

Magnitogorsk Iron & Steel Works PJSC Tax Rate % Chart

Magnitogorsk Iron & Steel Works PJSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.83 23.68 21.71 21.24 19.67

Magnitogorsk Iron & Steel Works PJSC Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 23.43 21.85 18.55 22.83 17.04
MIC:MAGN
17GF Score
Magnitogorsk Iron & Steel Works PJSC MIC:MAGN
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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Magnitogorsk Iron & Steel Works PJSC Tax Rate % Calculation

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

Magnitogorsk Iron & Steel Works PJSC'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 )
=28981/147341
=19.67 %

Magnitogorsk Iron & Steel Works PJSC's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2023 )/Pre-Tax Income (Q: Dec. 2023 )
=13707/80449
=17.04 %

* 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.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 17.04% mean?
Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) has a Tax Rate % of 17.04% as of Dec. 2023.
Is Magnitogorsk Iron & Steel Works PJSC's Tax Rate % too high?
Magnitogorsk Iron & Steel Works PJSC's current Tax Rate % is 17.04%. Overall, Magnitogorsk Iron & Steel Works PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Magnitogorsk Iron & Steel Works PJSC's Tax Rate % compare to NUE and STLD?
Magnitogorsk Iron & Steel Works PJSC's Tax Rate % of 17.04% can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for a Steel company?
A good Tax Rate % depends on the Steel industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Magnitogorsk Iron & Steel Works PJSC's current Tax Rate % is 17.04%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magnitogorsk Iron & Steel Works PJSC stock overvalued right now?
Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) has a current Tax Rate % of 17.04%. The current Tax Rate % is 17.04%. Magnitogorsk Iron & Steel Works PJSC's overall GF Score™ is 17/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN), the current Tax Rate % is 17.04% as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Magnitogorsk Iron & Steel Works PJSC Business Description

Address 93, Kirov Street, Chelyabinsk region, Magnitogorsk, RUS, 455000
Magnitogorsk Iron & Steel Works PJSC is a steel producer in Russia. The company's output includes a broad range of steel products with a portion being high-value-added. In Russia, the company operates a large steel-producing complex encompassing the entire production chain from iron-ore processing to downstream production of rolled steel. The company sells the majority of its metal products in Russia. The company's financial results are divided into three segments: the Russian steel segment; the Turkish steel segment; and the coal segment. The steel segment accounts for the vast majority of the company's revenue.
17GF Score

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Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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