MNGA (MNG Havayollari ve Tasimacilik AS) Tax Rate %: -7.43% (As of Dec. 2022)

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What is MNG Havayollari ve Tasimacilik AS Tax Rate %?

MNG Havayollari ve Tasimacilik AS MNGA Tax Rate % is -7.43% as of Dec. 2022.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. MNG Havayollari ve Tasimacilik AS's Tax Expense for the three months ended in Dec. 2022 was $-1.38 Mil. MNG Havayollari ve Tasimacilik AS's Pre-Tax Income for the three months ended in Dec. 2022 was $18.54 Mil. Therefore, MNG Havayollari ve Tasimacilik AS's Tax Rate % for the quarter that ended in Dec. 2022 was -7.43%.

MNG Havayollari ve Tasimacilik AS Tax Rate % Related Terms

MNG Havayollari ve Tasimacilik AS Tax Rate % Historical Data

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The historical data trend for MNG Havayollari ve Tasimacilik AS'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.

MNG Havayollari ve Tasimacilik AS Tax Rate % Chart

MNG Havayollari ve Tasimacilik AS Annual Data
Trend Dec20 Dec21 Dec22
Tax Rate %
25.58 24.70 6.18

MNG Havayollari ve Tasimacilik AS Quarterly Data
Dec20 Dec21 Sep22 Dec22
Tax Rate % 0.00 48.81 0.00 -7.43

MNG Havayollari ve Tasimacilik AS Tax Rate % Calculation

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

MNG Havayollari ve Tasimacilik AS'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 )
=4.396/71.08
=6.18 %

MNG Havayollari ve Tasimacilik AS's Tax Rate % for the quarter that ended in Dec. 2022 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2022 )/Pre-Tax Income (Q: Dec. 2022 )
=-1.377/18.538
=-7.43 %

* 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 -7.43% mean?
MNG Havayollari ve Tasimacilik AS (MNGA) has a Tax Rate % of -7.43% as of Dec. 2022.
Is MNG Havayollari ve Tasimacilik AS's Tax Rate % too high?
MNG Havayollari ve Tasimacilik AS's current Tax Rate % is -7.43%.
How does MNG Havayollari ve Tasimacilik AS's Tax Rate % compare to ?
MNG Havayollari ve Tasimacilik AS's Tax Rate % of -7.43% can be compared against companies in the Transportation 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 Transportation company?
A good Tax Rate % depends on the Transportation 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. MNG Havayollari ve Tasimacilik AS's current Tax Rate % is -7.43%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MNG Havayollari ve Tasimacilik AS stock overvalued right now?
MNG Havayollari ve Tasimacilik AS (MNGA) has a current Tax Rate % of -7.43%. The current Tax Rate % is -7.43%. 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 MNG Havayollari ve Tasimacilik AS (MNGA), the current Tax Rate % is -7.43% as of Dec. 2022. 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.

MNG Havayollari ve Tasimacilik AS Business Description

Comparable Companies
Address WOW Convention Center ?DTM, Yesilkoy/Bakirkoy, Istanbul, TUR, 34149
MNG Havayollari ve Tasimacilik AS is an independent logistics provider mainly in the EMEA region and a global e-commerce enabler. Its service offerings include scheduled and block space, charter, ACMI, special cargo, warehouse, handling and technical services. MNG's diversified business model provides MNG with a competitive advantage in the air cargo market, as it gives MNG the opportunity to provide customized services to its customers in accordance with needs and expectations. The company recognizes revenue for its global multimodal operations based on the origin of transported cargo carried on each flight.