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Mingxin New Material Co (SHSE:605068) Tax Rate % : -404.62% (As of Sep. 2024)


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What is Mingxin New Material Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Mingxin New Material Co's Tax Expense for the three months ended in Sep. 2024 was ¥-2 Mil. Mingxin New Material Co's Pre-Tax Income for the three months ended in Sep. 2024 was ¥0 Mil. Therefore, Mingxin New Material Co's Tax Rate % for the quarter that ended in Sep. 2024 was -404.62%.

Mingxin New Material Co Tax Rate % Historical Data

The historical data trend for Mingxin New Material Co'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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Mingxin New Material Co Tax Rate % Chart

Mingxin New Material Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial 13.56 13.50 10.54 8.71 -13.85

Mingxin New Material Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -22.06 8.28 -14.86 40.18 -404.62

Mingxin New Material Co Tax Rate % Calculation

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

Mingxin New Material Co'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 )
=-6.699/48.384
=-13.85 %

Mingxin New Material Co's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2024 )/Pre-Tax Income (Q: Sep. 2024 )
=-1.663/0.411
=-404.62 %

* 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.

Mingxin New Material Co Tax Rate % Related Terms

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Mingxin New Material Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mingxin New Material Co Ltd (SHSE:605068) » Definitions » Tax Rate %
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Traded in Other Exchanges
N/A
Address
Mingxin Road, No. 188, Daqiao Town, Nanhu District, Zhejiang Province, Jiaxing, CHN, 314006
Website
http://www.mingxinleather.com
Mingxin New Material Co Ltd is engaged in development, production and sales of automotive leather. The company's product is automotive interior leather, which is mainly used in automotive interior products such as seats, steering wheels, instrument panels, door panels and other high-end passenger cars.
Executives
Liu Xian Jun Directors, senior managers
Zhao Cheng Jin senior management
Xu Xing Chun Director
Shen Dan senior management
Lv Qing Qing senior management
Zhuang Jun Xin Director
Yu Hai Jie Director

Mingxin New Material Co Headlines

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