Medinet Co (TSE:2370) Tax Rate % : -0.31% (As of Mar. 2024)

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What is Medinet Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Medinet Co's Tax Expense for the three months ended in Mar. 2024 was 円1.1 Mil. Medinet Co's Pre-Tax Income for the three months ended in Mar. 2024 was 円-340.5 Mil. Therefore, Medinet Co's Tax Rate % for the quarter that ended in Mar. 2024 was -0.31%.

Medinet Co Tax Rate % Historical Data

The historical data trend for Medinet 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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Medinet Co Tax Rate % Chart

Medinet Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Tax Rate %

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-0.84

-0.64

-0.42

-0.29

Medinet Co Quarterly Data
	Jun19	Sep19	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															-0.30	-0.28	-0.27	-0.22	-0.31

Medinet Co Tax Rate % Calculation

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

Medinet Co's Tax Rate % for the fiscal year that ended in Sep. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Sep. 2023 )	/	Pre-Tax Income (A: Sep. 2023 )
	=	4.158	/	-1433.792
	=	-0.29 %

Medinet 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 )
	=	1.053	/	-340.547
	=	-0.31 %

Medinet Co Tax Rate % Related Terms

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Medinet Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Medinet Co Ltd (TSE:2370) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

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Address

2-3-12 Shin-Yokohama, Shin-Yokohama Square Building, 14 Floor, Kohoku-ku, Yokohama, JPN, 222-0033

Website

http://www.medinet-inc.co.jp

Medinet Co Ltd is a Japan-based Contract Development and Manufacturing Organization (CDMO). The company is engaged in the research and development of regenerative medical products, investigational products, and specified cell products. MEDINET is a one-stop regenerative medicine and cell therapy solution provider. It provides value chain solutions including personnel training, facility and equipment design, facility operations and management, preparation of standard operating procedures, logistics network, information system, purchasing and production management, quality management solutions to medical institutions, research institutions, and biopharmaceutical companies.

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