Magnit PJSC (MIC:MGNT) Tax Rate %: 20.84% (As of Jun. 2023)

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MIC:MGNT Magnit PJSC MIC:MGNT
17 GF Score
Price ₽1,671.50
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What is Magnit PJSC Tax Rate %?

Magnit PJSC MIC:MGNT -3.88% 17 Tax Rate % is 20.84% as of Jun. 2023. GuruFocus rates MIC:MGNT with a GF Score™ of 17/100.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Magnit PJSC's Tax Expense for the six months ended in Jun. 2023 was ₽8,956 Mil. Magnit PJSC's Pre-Tax Income for the six months ended in Jun. 2023 was ₽42,972 Mil. Therefore, Magnit PJSC's Tax Rate % for the quarter that ended in Jun. 2023 was 20.84%.

Magnit PJSC Tax Rate % Related Terms

Magnit PJSC Tax Rate % Historical Data

* Premium members only.

The historical data trend for Magnit 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.

Magnit PJSC Tax Rate % Chart

Magnit PJSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.92 23.97 22.74 23.15 34.84

Magnit PJSC Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 23.00 23.29 21.77 126.32 20.84
MIC:MGNT
17GF Score
Magnit PJSC MIC:MGNT
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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Magnit PJSC Tax Rate % Calculation

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

Magnit PJSC's Tax Rate % for the fiscal year that ended in Dec. 2022 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2022 )/Pre-Tax Income (A: Dec. 2022 )
=14932.033/42864.55
=34.84 %

Magnit PJSC's Tax Rate % for the quarter that ended in Jun. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Jun. 2023 )/Pre-Tax Income (Q: Jun. 2023 )
=8955.998/42971.919
=20.84 %

* 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 20.84% mean?
Magnit PJSC (MIC:MGNT) has a Tax Rate % of 20.84% as of Jun. 2023.
Is Magnit PJSC's Tax Rate % too high?
Magnit PJSC's current Tax Rate % is 20.84%. Overall, Magnit PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Magnit PJSC's Tax Rate % compare to WMT and COST?
Magnit PJSC's Tax Rate % of 20.84% can be compared against companies in the Retail - Defensive 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 Retail - Defensive company?
A good Tax Rate % depends on the Retail - Defensive 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. Magnit PJSC's current Tax Rate % is 20.84%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magnit PJSC stock overvalued right now?
Magnit PJSC (MIC:MGNT) has a current Tax Rate % of 20.84%. The current Tax Rate % is 20.84%. Magnit 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 Magnit PJSC (MIC:MGNT), the current Tax Rate % is 20.84% as of Jun. 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.

Magnit PJSC Business Description

Address 15/5, Solnechnaya Street, Krasnodar, RUS, 350072
Magnit PJSC operates in the retail and distribution of consumer goods under the Magnit, the DIXY, and the Megamart names. The Group's retail operations are operated through convenience stores, cosmetic stores, supermarkets, and others. The Group's business operations are located in the Russian Federation and relate mainly to retail sales of consumer goods. The company operates in about 4,000 localities. The company utilizes a multiformat model, which includes convenience and drogerie stores, supermarkets, and pharmacies. Aside from commodity sales, it operates a private-label food production business. The company manages several plants for growing vegetables and the production of dry food and confectionery.
17GF Score

Get the complete analysis for MIC:MGNT

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

₽1,671.50
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