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WCT (Wellchange Holdings Co) Tax Rate % : 16.51% (As of Jun. 2024)


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What is Wellchange Holdings Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Wellchange Holdings Co's Tax Expense for the six months ended in Jun. 2024 was $0.09 Mil. Wellchange Holdings Co's Pre-Tax Income for the six months ended in Jun. 2024 was $0.54 Mil. Therefore, Wellchange Holdings Co's Tax Rate % for the quarter that ended in Jun. 2024 was 16.51%.

Wellchange Holdings Co Tax Rate % Historical Data

The historical data trend for Wellchange Holdings 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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Wellchange Holdings Co Tax Rate % Chart

Wellchange Holdings Co Annual Data
Trend Dec21 Dec22 Dec23
Tax Rate %
20.83 16.74 19.76

Wellchange Holdings Co Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Tax Rate % Get a 7-Day Free Trial 13.79 17.05 14.99 23.95 16.51

Wellchange Holdings Co Tax Rate % Calculation

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

Wellchange Holdings 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 )
=0.231/1.169
=19.76 %

Wellchange Holdings Co'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 )
=0.089/0.539
=16.51 %

* 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.

Wellchange Holdings Co Tax Rate % Related Terms

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Wellchange Holdings Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Wellchange Holdings Co Ltd (NAS:WCT) » Definitions » Tax Rate %
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Traded in Other Exchanges
N/A
Address
10 Cheung Yue Street, Unit E, 11/F, Billion Plaza II, Cheung Sha Wan, Kowloon, Hong Kong, HKG
Website
https://www.wchingtech.com
Wellchange Holdings Co Ltd is an enterprise software solution services provider. It provides software solutions, cloud-based software-as-a-service (SaaS) platforms, and white-label software design and development services.