Shenzhen Inovance Technology Co (SZSE:300124) Tax Rate % : -0.26% (As of Mar. 2024)

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What is Shenzhen Inovance Technology Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Shenzhen Inovance Technology Co's Tax Expense for the three months ended in Mar. 2024 was ¥-2 Mil. Shenzhen Inovance Technology Co's Pre-Tax Income for the three months ended in Mar. 2024 was ¥821 Mil. Therefore, Shenzhen Inovance Technology Co's Tax Rate % for the quarter that ended in Mar. 2024 was -0.26%.

Shenzhen Inovance Technology Co Tax Rate % Historical Data

The historical data trend for Shenzhen Inovance Technology 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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Shenzhen Inovance Technology Co Tax Rate % Chart

Shenzhen Inovance Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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4.32

6.91

3.62

3.40

4.49

Shenzhen Inovance Technology Co 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															-2.95	2.45	4.43	9.75	-0.26

Shenzhen Inovance Technology Co Tax Rate % Calculation

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

Shenzhen Inovance Technology 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 )
	=	224.67	/	5000.241
	=	4.49 %

Shenzhen Inovance Technology Co'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 )
	=	-2.17	/	821.309
	=	-0.26 %

Shenzhen Inovance Technology Co Tax Rate % Related Terms

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Shenzhen Inovance Technology Co (SZSE:300124) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Inovance Technology Co Ltd (SZSE:300124) » Definitions » Tax Rate %

Traded in Other Exchanges

N/A

Address

Liuxian Road No. 70, Building E, Hongwei Industrial Park, Baocheng District, Shenzhen, CHN, 518101

Website

http://www.inovance.cn

Founded in 2003 by a group of ex-engineers from Huawei and Emerson, Shenzhen Inovance Technology develops and manufactures components used in elevators, automation equipment, robots, new energy vehicles, and railways. A partial list of products includes variable frequency drives--also known as inverters--servo systems, sensors, interfaces and motor controllers. Inovance employs about 20,000 staff, including over 4,700 research and development engineers. About 95% of Inovance's sales are made in China. Its headquarters are in Shenzhen with a large regional office in Suzhou, and these major offices are supported by over 10 branches across China.

Executives

Ding Long Shan	Supervisors
Liu Ying Xin	Executives
Song Jun En	Directors, Directors, and Executives
Zhu Xing Ming	Directors, executives
Zhao Jin Rong	Director
Li Jun Tian	Directors, executives
Bai Zi Ping	Supervisors
Wang Wei	Director
Li Rui Lin	Executives
Yi Gao Xiang	Executives
Shao Hai Bo	Executives
Yang Chun Lu	Executives
Wu Ni Ni	Securities Affairs Representative
Zhou Bin	Directors, executives
Yao Bing	Executives

Shenzhen Inovance Technology Co (SZSE:300124) Headlines

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