Kandi Technologies Group (LTS:0QZ7) Tax Rate % : -69.96% (As of Dec. 2023)

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What is Kandi Technologies Group Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Kandi Technologies Group's Tax Expense for the three months ended in Dec. 2023 was $1.9 Mil. Kandi Technologies Group's Pre-Tax Income for the three months ended in Dec. 2023 was $-2.7 Mil. Therefore, Kandi Technologies Group's Tax Rate % for the quarter that ended in Dec. 2023 was -69.96%.

Kandi Technologies Group Tax Rate % Historical Data

The historical data trend for Kandi Technologies Group'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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Kandi Technologies Group Tax Rate % Chart

Kandi Technologies Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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8.78

32.69

21.73

3.66

51.91

Kandi Technologies Group Quarterly Data
	Mar19	Jun19	Sep19	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															2.18	-175.93	6.50	-0.95	-69.96

Kandi Technologies Group Tax Rate % Calculation

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

Kandi Technologies Group'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 )
	=	1.803	/	3.473
	=	51.91 %

Kandi Technologies Group'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 )
	=	1.889	/	-2.7
	=	-69.96 %

Kandi Technologies Group Tax Rate % Related Terms

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Kandi Technologies Group (LTS:0QZ7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Kandi Technologies Group Inc (LTS:0QZ7) » Definitions » Tax Rate %

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Traded in Other Exchanges

KNDI:USA K8A:Germany

Address

Jinhua New Energy Vehicle Town, Zhejiang Province, Jinhua, CHN, 321016

Website

http://www.kandivehicle.com

Kandi Technologies Group Inc is engaged in the development, production, and distribution of electric vehicle (EV) products, EV parts, and off-road vehicle products, primarily in the Chinese market. Other product offerings include all-terrain vehicles, go-karts, utility vehicles, battery packs, motor vehicles, controllers, and air conditioning systems. It generates revenue through EV parts and off-road vehicles. The company generates the majority of its revenue from China, and it also exports Overseas.

Kandi Technologies Group (LTS:0QZ7) Headlines

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