TIOG (Tingo Group) Tax Rate %: 44.96% (As of Sep. 2023)

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TIOG Tingo Group Inc TIOG
16 GF Score
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What is Tingo Group Tax Rate %?

Tingo Group TIOG -99.50% 16 Tax Rate % is 44.96% as of Sep. 2023. GuruFocus rates TIOG with a GF Score™ of 16/100.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Tingo Group's Tax Expense for the three months ended in Sep. 2023 was $17 Mil. Tingo Group's Pre-Tax Income for the three months ended in Sep. 2023 was $37 Mil. Therefore, Tingo Group's Tax Rate % for the quarter that ended in Sep. 2023 was 44.96%.

Tingo Group Tax Rate % Related Terms

Tingo Group Tax Rate % Historical Data

* Premium members only.

The historical data trend for Tingo Group'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.

Tingo Group Tax Rate % Chart

Tingo Group Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.85 -0.36 1.36 4.56 -360.64

Tingo Group Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 Premium Member Only 8.11 176.46 32.72 39.08 44.96
TIOG
16GF Score
Tingo Group Inc TIOG
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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Tingo Group Tax Rate % Calculation

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

Tingo Group's Tax Rate % for the fiscal year that ended in Dec. 2022 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2022 )/Pre-Tax Income (A: Dec. 2022 )
=37.474/-10.391
=-360.64 %

Tingo Group's Tax Rate % for the quarter that ended in Sep. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2023 )/Pre-Tax Income (Q: Sep. 2023 )
=16.739/37.231
=44.96 %

* 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.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 44.96% mean?
Tingo Group (TIOG) has a Tax Rate % of 44.96% as of Sep. 2023.
Is Tingo Group's Tax Rate % too high?
Tingo Group's current Tax Rate % is 44.96%. Overall, Tingo Group has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Tingo Group's Tax Rate % compare to AMJT and TRAK?
Tingo Group's Tax Rate % of 44.96% can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for a Software company?
A good Tax Rate % depends on the Software industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Tingo Group's current Tax Rate % is 44.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tingo Group stock overvalued right now?
Tingo Group (TIOG) has a current Tax Rate % of 44.96%. The current Tax Rate % is 44.96%. Tingo Group's overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Tingo Group (TIOG), the current Tax Rate % is 44.96% as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Tingo Group Business Description

Address 28 West Grand Avenue, Suite 3, Montvale, NJ, USA, 07645
Tingo Group Inc is a financial technology business focusing on the growth and development technology company currently selling insurance products across various cities in China, with planned expansion into additional markets. Tingo Group has developed scalable proprietary platforms for insurance products and financial services and products, the technology for which is adaptable for other applications and markets. It is a Fintech and Agri-Fintech group of companies with operations in Africa, Southeast Asia and the Middle East.
16GF Score

Get the complete analysis for TIOG

Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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