Midea Group Co (SZSE:000333) Tax Rate % : 14.96% (As of Sep. 2024)

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What is Midea Group Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Midea Group Co's Tax Expense for the three months ended in Sep. 2024 was ¥1,937 Mil. Midea Group Co's Pre-Tax Income for the three months ended in Sep. 2024 was ¥12,947 Mil. Therefore, Midea Group Co's Tax Rate % for the quarter that ended in Sep. 2024 was 14.96%.

Midea Group Co Tax Rate % Historical Data

The historical data trend for Midea Group 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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Midea Group Co Tax Rate % Chart

Midea Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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15.54

13.13

13.95

14.72

16.22

Midea Group 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															16.42	15.96	15.89	17.70	14.96

Midea Group Co Tax Rate % Calculation

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

Midea Group 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 )
	=	6531.811	/	40277.163
	=	16.22 %

Midea Group 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 )
	=	1937.185	/	12946.912
	=	14.96 %

Midea Group Co Tax Rate % Related Terms

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Midea Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Midea Group Co Ltd (SZSE:000333) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

00300:Hong Kong 1520:Germany

Address

No. 6 Midea Avenue, Beijiao Town, Midea Headquarters Building, Shunde District, Guangdong Province, Foshan, CHN, 528311

Website

http://www.midea.com

Midea Group Co., Ltd. is one of the largest household appliance manufacturers in China, with key products such as air conditioners, refrigerators, washing machines and small household appliances. It is consistently ranked as one of the top three players in China by retail sales in most home appliance categories. The firm also engages in industrial automation and robotics systems through wholly owned Kuka, a global market leader based in Germany. Heating, ventilation, and air conditioning, or HVAC, products generally contribute the most to Midea's revenue, followed by other consumer appliances, and robotics and automation systems. In addition, Midea generates around 40% of sales outside China.

Executives

Li Guo Lin	Executives
Zhang Xiao Yi	Executives
Fang Hong Bo	Directors, executives
Jiang Peng	Secretary Dong
Liang Hui Ming	Supervisors
Ou Yun Bin	Securities Affairs Representative
Xiang Wei Min	Executives
He Jian Feng	Director
Zhu Feng Tao	Executives
Mai Yu Fen	Supervisors
Zhao Jun	Supervisors
Li Jian Wei	Director
Cai Qi Wu	Directors, executives
Huang Xiao Ming	Directors, executives
Yuan Li Qun	Directors, executives

Midea Group Co Headlines

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