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Mingteng International (Mingteng International) Tax Rate % : 20.12% (As of Dec. 2023)


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What is Mingteng International Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Mingteng International's Tax Expense for the six months ended in Dec. 2023 was $0.24 Mil. Mingteng International's Pre-Tax Income for the six months ended in Dec. 2023 was $1.18 Mil. Therefore, Mingteng International's Tax Rate % for the quarter that ended in Dec. 2023 was 20.12%.

Mingteng International Tax Rate % Historical Data

The historical data trend for Mingteng International'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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Mingteng International Tax Rate % Chart

Mingteng International Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Tax Rate %
6.12 13.28 13.29 18.64

Mingteng International Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Tax Rate % Get a 7-Day Free Trial 12.96 11.94 14.42 15.84 20.12

Mingteng International Tax Rate % Calculation

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

Mingteng International'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 )
=0.345/1.851
=18.64 %

Mingteng International'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 )
=0.238/1.183
=20.12 %

* 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.

Mingteng International Tax Rate % Related Terms

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Mingteng International (Mingteng International) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mingteng International Corp Inc (NAS:MTEN) » Definitions » Tax Rate %
Comparable Companies
Traded in Other Exchanges
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Address
Lvhua Village, Luoshe Town, Huishan District, Jiangsu Province, Wuxi, CHN, 214189
Website
Mingteng International Corp Inc operates as an automotive mold developer and supplier in China. It provides a wide range of products including casting molds for turbocharger systems, braking systems, steering and differential system, and other automotive system parts. Besides, it also produces molds for new energy electric vehicle motor drive systems, battery pack systems, and engineering hydraulic components, which are widely used in automobile, construction machinery, and other manufacturing industries.

Mingteng International (Mingteng International) Headlines

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