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Microequities Asset Management Group (ASX:MAM) Tax Rate % : 20.08% (As of Jun. 2023)


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What is Microequities Asset Management Group Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Microequities Asset Management Group's Tax Expense for the six months ended in Jun. 2023 was A$0.70 Mil. Microequities Asset Management Group's Pre-Tax Income for the six months ended in Jun. 2023 was A$3.50 Mil. Therefore, Microequities Asset Management Group's Tax Rate % for the quarter that ended in Jun. 2023 was 20.08%.

Microequities Asset Management Group Tax Rate % Historical Data

The historical data trend for Microequities Asset Management 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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Microequities Asset Management Group Tax Rate % Chart

Microequities Asset Management Group Annual Data
Trend Dec17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Tax Rate %
Get a 7-Day Free Trial 26.14 26.79 26.30 20.83 23.50

Microequities Asset Management Group Semi-Annual Data
Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 26.25 24.92 520.00 26.18 20.08

Microequities Asset Management Group Tax Rate % Calculation

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

Microequities Asset Management Group's Tax Rate % for the fiscal year that ended in Jun. 2023 is calculated as

Tax Rate %=Tax Expense (A: Jun. 2023 )/Pre-Tax Income (A: Jun. 2023 )
=1.878/7.991
=23.50 %

Microequities Asset Management Group's Tax Rate % for the quarter that ended in Jun. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Jun. 2023 )/Pre-Tax Income (Q: Jun. 2023 )
=0.702/3.496
=20.08 %

* 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.

Microequities Asset Management Group Tax Rate % Related Terms

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Microequities Asset Management Group (ASX:MAM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Microequities Asset Management Group Ltd (ASX:MAM) » Definitions » Tax Rate %
Comparable Companies
ASX:CD2 ASX:RYD ASX:HNG ASX:TOP ASX:AVC ASX:TEK ASX:ACQ ASX:TIP ASX:WAA ASX:IBC BLK BX OSTO:INVE A TSX:BN KKR APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
1 Farrer Place, Suite 3105, Level 31, Governor Macquarie Tower, Sydney, NSW, AUS, 2000
Website
https://www.microequities.com.au
Microequities Asset Management Group Ltd is an asset management firm. It provides various funds such as Deep value fund, High-income value microcap fund, Global value microcap fund, and others. The company derives income from three sources: Management Fees, Performance Fees, and other revenue which are derived based on the performance of each Fund on an individual investor basis.

Microequities Asset Management Group (ASX:MAM) Headlines

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