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Lufax Holding (Lufax Holding) Tax Rate % : 285.56% (As of Mar. 2024)


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What is Lufax Holding Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Lufax Holding's Tax Expense for the three months ended in Mar. 2024 was $177 Mil. Lufax Holding's Pre-Tax Income for the three months ended in Mar. 2024 was $62 Mil. Therefore, Lufax Holding's Tax Rate % for the quarter that ended in Mar. 2024 was 285.56%.

Lufax Holding Tax Rate % Historical Data

The historical data trend for Lufax Holding'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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Lufax Holding Tax Rate % Chart

Lufax Holding Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial 31.47 31.45 28.59 32.57 37.12

Lufax Holding 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 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 Premium Member Only Premium Member Only Premium Member Only 34.27 23.61 56.82 23.35 285.56

Lufax Holding Tax Rate % Calculation

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

Lufax Holding'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 )
=85.519/230.401
=37.12 %

Lufax Holding'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 )
=177.355/62.107
=285.56 %

* 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.

Lufax Holding Tax Rate % Related Terms

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Lufax Holding (Lufax Holding) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Lufax Holding Ltd (NYSE:LU) » Definitions » Tax Rate %
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Traded in Other Exchanges
06623:Hong Kong 0VU1:Germany
Address
Jinxiu East Road, Lane 2777, Pudong New District, Shanghai, CHN
Website
https://www.lu.com
Lufax Holding Ltd is a technology-empowered personal financial services platform in China. The company address the large unmet demand for personal lending among small business owners as well as salaried workers in China and provides tailor-made wealth management solutions to China's middle class and affluent population. Its platform has two hubs namely Retail Credit Facilitation Hub and Wealth Management Hub.