Niutech Environment Technology (SHSE:688309) Tax Rate % : 7.01% (As of Mar. 2024)

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What is Niutech Environment Technology Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Niutech Environment Technology's Tax Expense for the three months ended in Mar. 2024 was ¥0.2 Mil. Niutech Environment Technology's Pre-Tax Income for the three months ended in Mar. 2024 was ¥3.6 Mil. Therefore, Niutech Environment Technology's Tax Rate % for the quarter that ended in Mar. 2024 was 7.01%.

Niutech Environment Technology Tax Rate % Historical Data

The historical data trend for Niutech Environment Technology'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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Niutech Environment Technology Tax Rate % Chart

Niutech Environment Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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14.20

16.32

14.14

14.04

9.34

Niutech Environment Technology 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															12.75	12.63	16.33	13.76	7.01

Niutech Environment Technology Tax Rate % Calculation

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

Niutech Environment Technology'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 )
	=	1.869	/	20.016
	=	9.34 %

Niutech Environment Technology'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 )
	=	0.249	/	3.552
	=	7.01 %

Niutech Environment Technology Tax Rate % Related Terms

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Niutech Environment Technology (SHSE:688309) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Niutech Environment Technology Corp (SHSE:688309) » Definitions » Tax Rate %

Traded in Other Exchanges

N/A

Address

No. 9889 Haitang Road, High-tech Zone, Shandong Province, Jinan, CHN, 250031

Website

http://www.niutech.com

Niutech Environment Technology Corp is engaged in organic waste cracking technology research and development and related equipment design, production and sales. The company specializes in high polymer waste, such as waste tyre, waste plastic, oil sludge, waste oil, biomass, hazard waste and municipal sludge Pyrolysis technology and equipment manufacturing and product sales.

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