JL Mag Rare-Earth Co (SZSE:300748) Tax Rate % : 10.87% (As of Mar. 2024)

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What is JL Mag Rare-Earth Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. JL Mag Rare-Earth Co's Tax Expense for the three months ended in Mar. 2024 was ¥12 Mil. JL Mag Rare-Earth Co's Pre-Tax Income for the three months ended in Mar. 2024 was ¥115 Mil. Therefore, JL Mag Rare-Earth Co's Tax Rate % for the quarter that ended in Mar. 2024 was 10.87%.

JL Mag Rare-Earth Co Tax Rate % Historical Data

The historical data trend for JL Mag Rare-Earth 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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JL Mag Rare-Earth Co Tax Rate % Chart

JL Mag Rare-Earth Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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12.38

12.20

11.42

8.10

8.12

JL Mag Rare-Earth 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															5.90	9.57	6.18	14.34	10.87

JL Mag Rare-Earth Co Tax Rate % Calculation

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

JL Mag Rare-Earth 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 )
	=	50.076	/	616.954
	=	8.12 %

JL Mag Rare-Earth 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 )
	=	12.469	/	114.662
	=	10.87 %

JL Mag Rare-Earth Co Tax Rate % Related Terms

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JL Mag Rare-Earth Co (SZSE:300748) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » JL Mag Rare-Earth Co Ltd (SZSE:300748) » Definitions » Tax Rate %

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Traded in Other Exchanges

06680:Hong Kong 3KLA:Germany

Address

81 West Jinling Road, Economic and Technological Development Zone, Jiangxi Province, Ganzhou, CHN, 341000

Website

https://www.jlmag.com.cn

JL Mag Rare-Earth, or JL Mag, is a leading global producer of high-performance rare earth permanent magnets, or REPMs. JL Mag focuses on the production and sale of NdFeB PMs, the most widely used type of REPMs, mainly made from an alloy of neodymium (Nd), iron (Fe) and boron (B). The company is ranked first in the world by high-performance REPMs, according to Frost & Sullivan. JL Mag is also ranked first in the global grain boundary diffusion, or GBD, REPMs market. Its products have a wide array of applications, mainly in new energy vehicles, or NEVs, automotive parts, wind turbine generators, energy-saving variable-frequency air-conditioners, or VFACs.

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