Levima Advanced Materials (SZSE:003022) Tax Rate % : 25.01% (As of Mar. 2024)

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What is Levima Advanced Materials Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Levima Advanced Materials's Tax Expense for the three months ended in Mar. 2024 was ¥17 Mil. Levima Advanced Materials's Pre-Tax Income for the three months ended in Mar. 2024 was ¥70 Mil. Therefore, Levima Advanced Materials's Tax Rate % for the quarter that ended in Mar. 2024 was 25.01%.

Levima Advanced Materials Tax Rate % Historical Data

The historical data trend for Levima Advanced Materials'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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Levima Advanced Materials Tax Rate % Chart

Levima Advanced Materials Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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14.97

14.80

12.94

-1.87

12.41

Levima Advanced Materials 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															16.70	15.71	3.37	-4.75	25.01

Levima Advanced Materials Tax Rate % Calculation

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

Levima Advanced Materials'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 )
	=	64.646	/	520.879
	=	12.41 %

Levima Advanced Materials'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 )
	=	17.461	/	69.814
	=	25.01 %

Levima Advanced Materials Tax Rate % Related Terms

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Levima Advanced Materials (SZSE:003022) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Levima Advanced Materials Corp (SZSE:003022) » Definitions » Tax Rate %

Traded in Other Exchanges

N/A

Address

Resident of Mushi Town, Shandong Province (Mushi Industrial Park), Tengzhou, CHN, 277500

Website

http://www.levima.cn

Levima Advanced Materials Corp is a producer and supplier of high-end advanced material products and solutions. Levima advanced material product mainly include Ethylene-vinyl acetate, polypropylene, ethylene oxide and ethylene oxide derivative, which are widely used in photovoltaic, cable, shoe material, plastic, daily chemical, textile, construction, road, bridge, automobile, leather, coating, agricultural chemical, metal processing and other fields.

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