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Hit Welding Industry Co (SZSE:301137) Tax Rate % : -15.52% (As of Mar. 2024)


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What is Hit Welding Industry Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Hit Welding Industry Co's Tax Expense for the three months ended in Mar. 2024 was ¥-1 Mil. Hit Welding Industry Co's Pre-Tax Income for the three months ended in Mar. 2024 was ¥5 Mil. Therefore, Hit Welding Industry Co's Tax Rate % for the quarter that ended in Mar. 2024 was -15.52%.

Hit Welding Industry Co Tax Rate % Historical Data

The historical data trend for Hit Welding Industry 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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Hit Welding Industry Co Tax Rate % Chart

Hit Welding Industry Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial 11.69 13.42 9.66 1.63 7.79

Hit Welding Industry Co Quarterly Data
Dec17 Dec18 Dec19 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 3.82 0.43 27.67 2.29 -15.52

Hit Welding Industry Co Tax Rate % Calculation

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

Hit Welding Industry 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 )
=4.897/62.888
=7.79 %

Hit Welding Industry 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 )
=-0.849/5.472
=-15.52 %

* 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.

Hit Welding Industry Co Tax Rate % Related Terms

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Hit Welding Industry Co (SZSE:301137) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hit Welding Industry Co Ltd (SZSE:301137) » Definitions » Tax Rate %
Comparable Companies
SZSE:300420 SZSE:300461 SZSE:301317 SZSE:300105 SZSE:300040 SHSE:603076 SZSE:301199 SHSE:688633 SHSE:600558 SZSE:300154 GE XTER:SIE XPAR:SU ETN ITW XKRX:373220 OSTO:ATCO A EMR PH AME
Traded in Other Exchanges
N/A
Address
Yaoguan Town, Wujin District, Jiangsu Province, Changzhou, CHN, 213102
Website
http://www.htw.cn
Hit Welding Industry Co Ltd is engaged in research and development, production and sales of various fusion welding materials. The company manufactures metal welding wire, special electrode, welding accessories, trackless guide permanent magnet wheel crawler type all-position autonomous crawling arc welding robot, hoisting machinery equipment manufacturing, and welding equipment.

Hit Welding Industry Co (SZSE:301137) Headlines

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