MGI Tech Co (SHSE:688114) Tax Rate % : -10.31% (As of Mar. 2024)

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What is MGI Tech Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. MGI Tech Co's Tax Expense for the three months ended in Mar. 2024 was ¥19 Mil. MGI Tech Co's Pre-Tax Income for the three months ended in Mar. 2024 was ¥-183 Mil. Therefore, MGI Tech Co's Tax Rate % for the quarter that ended in Mar. 2024 was -10.31%.

MGI Tech Co Tax Rate % Historical Data

The historical data trend for MGI Tech 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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MGI Tech Co Tax Rate % Chart

MGI Tech Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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-82.45

7.94

20.19

20.08

-2.82

MGI Tech Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial													-4.65	19.58	-0.71	0.95	-10.31

MGI Tech Co Tax Rate % Calculation

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

MGI Tech 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 )
	=	16.635	/	-590.578
	=	-2.82 %

MGI Tech 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 )
	=	18.9	/	-183.366
	=	-10.31 %

MGI Tech Co Tax Rate % Related Terms

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MGI Tech Co (SHSE:688114) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » MGI Tech Co Ltd (SHSE:688114) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

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Address

Beishan Industrial Zone, 2nd Floor, Comprehensive Building and Building 11, Yantian District, Guangdong Province, Shenzhen, CHN, 518083

Website

http://www.mgi-tech.com

MGI Tech Co Ltd is a producer of clinical high-throughput gene sequencers, and its multi-omics platforms include genetic sequencing, medical imaging, and laboratory automation. It provides real-time, panoramic, and full-life-cycle equipment and systems for precision medicine, precision agriculture, precision healthcare and other relevant industries.

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