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Ningbo TIP Rubber Technology Co (SHSE:605255) Tax Rate % : 27.13% (As of Mar. 2024)


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What is Ningbo TIP Rubber Technology Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Ningbo TIP Rubber Technology Co's Tax Expense for the three months ended in Mar. 2024 was ¥3.6 Mil. Ningbo TIP Rubber Technology Co's Pre-Tax Income for the three months ended in Mar. 2024 was ¥13.4 Mil. Therefore, Ningbo TIP Rubber Technology Co's Tax Rate % for the quarter that ended in Mar. 2024 was 27.13%.

Ningbo TIP Rubber Technology Co Tax Rate % Historical Data

The historical data trend for Ningbo TIP Rubber Technology 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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Ningbo TIP Rubber Technology Co Tax Rate % Chart

Ningbo TIP Rubber Technology Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial 12.06 11.57 16.67 24.89 27.85

Ningbo TIP Rubber Technology Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 28.69 13.05 34.53 32.80 27.13

Ningbo TIP Rubber Technology Co Tax Rate % Calculation

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

Ningbo TIP Rubber Technology 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 )
=11.818/42.427
=27.85 %

Ningbo TIP Rubber Technology Co's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2024 )/Pre-Tax Income (Q: Mar. 2024 )
=3.622/13.351
=27.13 %

* 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.

Ningbo TIP Rubber Technology Co Tax Rate % Related Terms

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Ningbo TIP Rubber Technology Co (SHSE:605255) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ningbo TIP Rubber Technology Co Ltd (SHSE:605255) » Definitions » Tax Rate %
Comparable Companies
SHSE:603655 SZSE:301192 SHSE:600148 SZSE:300707 SHSE:603286 SHSE:603037 SHSE:603926 SZSE:002715 SZSE:001260 SHSE:603089 TSE:6902 MBLY TSE:5108 APTV XPAR:ML ISX:ASII XKRX:012330 TSX:MG SHSE:600660 XTER:CON
Traded in Other Exchanges
N/A
Address
No. 5, Jinlong Road, Taoyuan Street, Ninghai County, Zhejiang Province, Ningbo, CHN, 315600
Website
http://www.tipgroupm.com
Ningbo TIP Rubber Technology Co Ltd is engaged in production and sales of automotive polymer fluid piping system and sealing system parts and assemblies. The company's products include Water hose; Fuel hose; Moulded part; Assembly; Rubber compound; metal processing / plastic part; and Hydraulic hose.

Ningbo TIP Rubber Technology Co (SHSE:605255) Headlines

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