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Wetouch Technology (Wetouch Technology) Tax Rate % : 1.29% (As of Dec. 2023)


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What is Wetouch Technology Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Wetouch Technology's Tax Expense for the three months ended in Dec. 2023 was $-0.03 Mil. Wetouch Technology's Pre-Tax Income for the three months ended in Dec. 2023 was $-2.09 Mil. Therefore, Wetouch Technology's Tax Rate % for the quarter that ended in Dec. 2023 was 1.29%.

Wetouch Technology Tax Rate % Historical Data

The historical data trend for Wetouch 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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Wetouch Technology Tax Rate % Chart

Wetouch Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
16.57 14.78 20.23 27.75 33.07

Wetouch Technology Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 43.48 33.46 24.98 28.65 1.29

Wetouch Technology Tax Rate % Calculation

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

Wetouch Technology'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 )
=4.083/12.347
=33.07 %

Wetouch Technology's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2023 )/Pre-Tax Income (Q: Dec. 2023 )
=-0.027/-2.088
=1.29 %

* 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.

Wetouch Technology Tax Rate % Related Terms

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Wetouch Technology (Wetouch Technology) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Wetouch Technology Inc (NAS:WETH) » Definitions » Tax Rate %
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Traded in Other Exchanges
N/A
Address
No. 29, Third Main Avenue, Shigao Town, Renshou County, Meishan, Sichuan, CHN, 620500
Website
https://www.wetouchinc.com
Wetouch Technology Inc is a touch panel supplier focused on R & D, production and sales of touch screen products. It offers touchscreens for a variety of applications, including GPS/car entertainment panels for automotive industry, industrial human-machine interface ("HMI"), financial and banking terminals, point of sale, lottery and gaming machines, smart home, robots and charging stations. The Company sells touchscreen products both domestically in China and internationally, covering majority areas in China, Taiwan, South Korea, and Germany.