Agricultural Bank of China (SHSE:601288) Tax Rate % : 10.83% (As of Mar. 2024)

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What is Agricultural Bank of China Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Agricultural Bank of China's Tax Expense for the three months ended in Mar. 2024 was ¥8,600 Mil. Agricultural Bank of China's Pre-Tax Income for the three months ended in Mar. 2024 was ¥79,439 Mil. Therefore, Agricultural Bank of China's Tax Rate % for the quarter that ended in Mar. 2024 was 10.83%.

Agricultural Bank of China Tax Rate % Historical Data

The historical data trend for Agricultural Bank of China'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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Agricultural Bank of China Tax Rate % Chart

Agricultural Bank of China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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20.13

18.36

18.23

15.53

12.23

Agricultural Bank of China 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															13.14	15.39	9.19	11.40	10.83

Agricultural Bank of China Tax Rate % Calculation

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

Agricultural Bank of China'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 )
	=	37599	/	307419
	=	12.23 %

Agricultural Bank of China'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 )
	=	8600	/	79439
	=	10.83 %

Agricultural Bank of China Tax Rate % Related Terms

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Agricultural Bank of China (SHSE:601288) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Agricultural Bank of China Ltd (SHSE:601288) » Definitions » Tax Rate %

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ACGBY:USA ACGBF:USA 01288:Hong Kong EK7:Germany

Address

50 Connaught Road, 25th Floor, Agricultural Bank of China Tower, Central, Hong Kong, HKG

Website

https://www.abchina.com

As one of the big four banks, ABC is headquartered in Beijing. The bank evolved from a state-owned specialized bank to a state-controlled commercial bank. It listed on the Hong Kong and Shanghai Stock Exchanges in 2010. ABC operates more than 20,000-branch network in China, providing corporate and retail banking products and services, and carries out treasury operations for its own accounts or for its customers. Shareholders Central Huijin, China's state-owned investment company, and the Ministry of Finance own 37.15% and 32.47%, respectively. Corporate banking, retail banking, and wholesale banking accounted for 41%, 53%, and 6% of total revenue in the first half of 2023, respectively. Rural banking and urban banking contributed 49% and 51% of total revenue during the same period.

Agricultural Bank of China (SHSE:601288) Headlines

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