Essence Fastening Systems (Shanghai) Co (SZSE:301005) Tax Rate % : 19.26% (As of Mar. 2024)

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What is Essence Fastening Systems (Shanghai) Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Essence Fastening Systems (Shanghai) Co's Tax Expense for the three months ended in Mar. 2024 was ¥2.7 Mil. Essence Fastening Systems (Shanghai) Co's Pre-Tax Income for the three months ended in Mar. 2024 was ¥14.1 Mil. Therefore, Essence Fastening Systems (Shanghai) Co's Tax Rate % for the quarter that ended in Mar. 2024 was 19.26%.

Essence Fastening Systems (Shanghai) Co Tax Rate % Historical Data

The historical data trend for Essence Fastening Systems (Shanghai) 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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Essence Fastening Systems (Shanghai) Co Tax Rate % Chart

Essence Fastening Systems (Shanghai) Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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13.87

13.28

12.05

9.61

28.70

Essence Fastening Systems (Shanghai) Co Quarterly Data
	Dec17	Dec18	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															19.55	37.95	10.79	117.07	19.26

Essence Fastening Systems (Shanghai) Co Tax Rate % Calculation

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

Essence Fastening Systems (Shanghai) 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 )
	=	5.972	/	20.811
	=	28.70 %

Essence Fastening Systems (Shanghai) 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 )
	=	2.724	/	14.141
	=	19.26 %

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Essence Fastening Systems (Shanghai) Co (SZSE:301005) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Essence Fastening Systems (Shanghai) Co Ltd (SZSE:301005) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 39, Lane 100, Fengshuo Road, Jiading District, Shanghai, CHN, 201822

Website

http://www.shchaojie.com.cn

Essence Fastening Systems (Shanghai) Co Ltd is engaged in the research and development, production, and sales of high-strength precision fasteners, special-shaped connectors, and other products.

Executives

Li Xin An	Executives
Song Shu Sheng	Director
Li Hong Tao	Directors, executives
Yi Qin Feng	Directors, executives

Essence Fastening Systems (Shanghai) Co (SZSE:301005) Headlines

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