Baoshan Iron & Steel Co (SHSE:600019) Tax Rate % : 17.97% (As of Mar. 2024)

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What is Baoshan Iron & Steel Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Baoshan Iron & Steel Co's Tax Expense for the three months ended in Mar. 2024 was ¥501 Mil. Baoshan Iron & Steel Co's Pre-Tax Income for the three months ended in Mar. 2024 was ¥2,788 Mil. Therefore, Baoshan Iron & Steel Co's Tax Rate % for the quarter that ended in Mar. 2024 was 17.97%.

Baoshan Iron & Steel Co Tax Rate % Historical Data

The historical data trend for Baoshan Iron & Steel 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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Baoshan Iron & Steel Co Tax Rate % Chart

Baoshan Iron & Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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11.08

12.71

13.85

6.75

8.92

Baoshan Iron & Steel 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															22.48	17.65	17.63	-28.00	17.97

Baoshan Iron & Steel Co Tax Rate % Calculation

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

Baoshan Iron & Steel 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 )
	=	1344.919	/	15085.836
	=	8.92 %

Baoshan Iron & Steel 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 )
	=	501.115	/	2788.024
	=	17.97 %

Baoshan Iron & Steel Co Tax Rate % Related Terms

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Baoshan Iron & Steel Co (SHSE:600019) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Baoshan Iron & Steel Co Ltd (SHSE:600019) » Definitions » Tax Rate %

Traded in Other Exchanges

N/A

Address

No. 885 Fujin Road, Baosteel Command Center, Baoshan District, Shanghai, CHN, 201900

Website

http://www.baosteel.com

Baosteel is the listed entity of the largest steel group in China. Its steel businesses--which include steel manufacturing, processing, and distribution--account for roughly 95% of its revenue. The remainder consists of information technology, chemical, finance, and e-commerce activities. The firm focuses on flat steel and commands more than 50% of the domestic China cold-rolled automotive sheet market, roughly 80% of the China grain-oriented electrical steel market, and a third of the non-oriented electrical steel market.

Baoshan Iron & Steel Co (SHSE:600019) Headlines

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