Renxin New Material Co (SZSE:301395) Tax Rate % : 16.36% (As of Mar. 2024)

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What is Renxin New Material Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Renxin New Material Co's Tax Expense for the three months ended in Mar. 2024 was ¥1 Mil. Renxin New Material Co's Pre-Tax Income for the three months ended in Mar. 2024 was ¥9 Mil. Therefore, Renxin New Material Co's Tax Rate % for the quarter that ended in Mar. 2024 was 16.36%.

Renxin New Material Co Tax Rate % Historical Data

The historical data trend for Renxin New Material 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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Renxin New Material Co Tax Rate % Chart

Renxin New Material Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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14.67

14.95

15.11

14.51

15.53

Renxin New Material Co Quarterly Data
	Dec16	Dec17	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial														15.65	17.10	18.75	14.67	16.36

Renxin New Material Co Tax Rate % Calculation

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

Renxin New Material 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 )
	=	10.255	/	66.047
	=	15.53 %

Renxin New Material 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 )
	=	1.476	/	9.02
	=	16.36 %

Renxin New Material Co Tax Rate % Related Terms

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Renxin New Material Co (SZSE:301395) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Renxin New Material Co Ltd (SZSE:301395) » Definitions » Tax Rate %

Traded in Other Exchanges

N/A

Address

No. 28, Xiayong Petrochemical Avenue Middle, Daya Bay, Guangdong, Huizhou, CHN, 516082

Website

http://www.hzrxnm.com

Renxin New Material Co Ltd is specialized in polystyrene high Research and development, production and sales of molecular new materials (polystyrene). The main products of Renxin New Materials have been highly recognized by downstream enterprises and established a good market image and brand awareness.

Renxin New Material Co (SZSE:301395) Headlines

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