Novatek Microelectronics (TPE:3034) Tax Rate % : 17.97% (As of Sep. 2024)

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What is Novatek Microelectronics Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Novatek Microelectronics's Tax Expense for the three months ended in Sep. 2024 was NT$1,152 Mil. Novatek Microelectronics's Pre-Tax Income for the three months ended in Sep. 2024 was NT$6,410 Mil. Therefore, Novatek Microelectronics's Tax Rate % for the quarter that ended in Sep. 2024 was 17.97%.

Novatek Microelectronics Tax Rate % Historical Data

The historical data trend for Novatek Microelectronics's Tax Rate % can be seen below:

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Novatek Microelectronics Tax Rate % Chart

Novatek Microelectronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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19.23

18.78

19.22

18.96

17.40

Novatek Microelectronics Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Tax Rate %	Get a 7-Day Free Trial															18.04	15.83	17.06	12.01	17.97

Novatek Microelectronics Tax Rate % Calculation

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

Novatek Microelectronics'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 )
	=	4913.533	/	28231.042
	=	17.40 %

Novatek Microelectronics's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Sep. 2024 )	/	Pre-Tax Income (Q: Sep. 2024 )
	=	1152.002	/	6410.459
	=	17.97 %

Novatek Microelectronics Tax Rate % Related Terms

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Novatek Microelectronics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Novatek Microelectronics Corp (TPE:3034) » Definitions » Tax Rate %

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Address

No.13, Innovation Road I, 2nd Floor, Hsinchu Science Park, Hsinchu, TWN, 30076

Website

https://www.novatek.com.tw

Novatek Microelectronics Corp is a chip design company specializing in the design, development, and sales of a wide range of display driver ICs and SoC solutions for all display and audio/video applications. The group is mainly engaged in researching, developing, manufacturing, and sales of integrated circuit chips speech, communication, computer peripherals, LCD driver IC system, embedded MCU, DSP, and systems. The firm generates the majority of its revenue from countries across Asia, and the rest comes from Taiwan and others.

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