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

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What is Magnitogorsk Iron & Steel Works PJSC Tax Rate %?

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 % Historical Data

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.

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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 %

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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															23.43	21.85	18.55	22.83	17.04

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 %

Magnitogorsk Iron & Steel Works PJSC Tax Rate % Related Terms

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Magnitogorsk Iron & Steel Works PJSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) » Definitions » Tax Rate %

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Address

93, Kirov Street, Chelyabinsk region, Magnitogorsk, RUS, 455000

Website

https://www.mmk.ru

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.