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Vesync Co (HKSE:02148) Tax Expense : HK$144 Mil (TTM As of Jun. 2024)


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What is Vesync Co Tax Expense?

Vesync Co's tax expense for the months ended in Jun. 2024 was HK$61 Mil. Its tax expense for the trailing twelve months (TTM) ended in Jun. 2024 was HK$144 Mil.


Vesync Co Tax Expense Historical Data

The historical data trend for Vesync Co's Tax Expense 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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Vesync Co Tax Expense Chart

Vesync Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Tax Expense
Get a 7-Day Free Trial 41.35 73.47 -43.01 78.43 143.32

Vesync Co Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Tax Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -50.68 8.10 70.35 61.05 82.55

Vesync Co Tax Expense Calculation

Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.

Tax Expense for the trailing twelve months (TTM) ended in Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$144 Mil.

* 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.


Vesync Co  (HKSE:02148) Tax Expense Explanation

In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.


Vesync Co Tax Expense Related Terms

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Vesync Co Business Description

Traded in Other Exchanges
N/A
Address
1001 Zhongshan Park Road, Room 501–502, Block F3, TCL International E City, Nanshan District, Guangdong Province, Shenzhen, CHN
Vesync focuses on online marketing and sale of self-designed and self-developed small home appliances and smart home devices to North American, European and Asian markets. In 2024, around 75% of sales was generated through Amazon, and the remainder came from other e-commerce platforms and offline retailers. The company owns three core brands: Levoit for home environment appliances, Etekcity for smart home gadgets, health monitoring devices, outdoor recreation products, and personal-care products, and Cosori for kitchen and dining appliances.
Executives
Yang Hai
Yang Lin
Yang Yuzheng
Chen Shuyong
Li Jisu
Xu Bo
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Hhlr Fund, L.p. 2101 Beneficial owner

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