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UBXG (U-BX Technology) Tax Rate % : -31.68% (As of Jun. 2024)


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What is U-BX Technology Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. U-BX Technology's Tax Expense for the six months ended in Jun. 2024 was $0.13 Mil. U-BX Technology's Pre-Tax Income for the six months ended in Jun. 2024 was $-0.40 Mil. Therefore, U-BX Technology's Tax Rate % for the quarter that ended in Jun. 2024 was -31.68%.

U-BX Technology Tax Rate % Historical Data

The historical data trend for U-BX Technology'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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U-BX Technology Tax Rate % Chart

U-BX Technology Annual Data
Trend Jun20 Jun21 Jun22 Jun23 Jun24
Tax Rate %
-29.32 103.96 121.88 15.57 -23.43

U-BX Technology Semi-Annual Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Tax Rate % Get a 7-Day Free Trial Premium Member Only 37.45 57.48 114.69 -7.43 -31.68

U-BX Technology Tax Rate % Calculation

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

U-BX Technology's Tax Rate % for the fiscal year that ended in Jun. 2024 is calculated as

Tax Rate %=Tax Expense (A: Jun. 2024 )/Pre-Tax Income (A: Jun. 2024 )
=0.142/-0.606
=-23.43 %

U-BX Technology's Tax Rate % for the quarter that ended in Jun. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Jun. 2024 )/Pre-Tax Income (Q: Jun. 2024 )
=0.128/-0.404
=-31.68 %

* 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.

U-BX Technology Tax Rate % Related Terms

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U-BX Technology Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » U-BX Technology Ltd (NAS:UBXG) » Definitions » Tax Rate %
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Traded in Other Exchanges
N/A
Address
No. 1 Linkong Er Road, Zhongguan Science and Technology Park, Shunyi District, Beijing, CHN
Website
https://www.u-bx.com
U-BX Technology Ltd is focused on providing value-added services using artificial intelligence-driven technology to businesses within the insurance industry, including insurance carriers and brokers. It helps institutional clients obtain visibility on various social media platforms and generate revenue based on consumers' clicks, views, or its clients' promotion time through those channels. The company derives a majority of its revenue by providing digital promotion services to its clients and also engages in providing risk assessment services, and value-added bundled benefits. It has developed an algorithm named Magic Mirror, to calculate payout risks for insurance carriers to underwrite auto insurance coverage. Geographically, all of the company's revenue is derived from Mainland China.