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FinVolution Group (FinVolution Group) Tax Rate % : 19.33% (As of Mar. 2024)


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What is FinVolution Group Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. FinVolution Group's Tax Expense for the three months ended in Mar. 2024 was $18 Mil. FinVolution Group's Pre-Tax Income for the three months ended in Mar. 2024 was $92 Mil. Therefore, FinVolution Group's Tax Rate % for the quarter that ended in Mar. 2024 was 19.33%.

FinVolution Group Tax Rate % Historical Data

The historical data trend for FinVolution 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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FinVolution Group Tax Rate % Chart

FinVolution Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only 16.87 18.79 8.80 16.62 14.22

FinVolution Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.39 15.13 15.21 8.89 19.33

FinVolution Group Tax Rate % Calculation

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

FinVolution Group'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 )
=55.335/389.147
=14.22 %

FinVolution Group'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 )
=17.701/91.572
=19.33 %

* 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.

FinVolution Group Tax Rate % Related Terms

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FinVolution Group (FinVolution Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » FinVolution Group (NYSE:FINV) » Definitions » Tax Rate %
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Traded in Other Exchanges
PP3:Germany
Address
No. 999 Dangui Road, Building G1, Pudong New District, Shanghai, CHN, 201203
Website
https://www.finvgroup.com
FinVolution Group is a provider of online consumer finance in China. It offers various loan products, making financial services available to borrowers anytime, anywhere; designs a loan transaction process, and offers Tailored risk-based pricing. It offers short-term loans to borrowers to meet immediate credit needs while allowing them to gradually establish their credit history through activities on the company's platform. The company provides investors with an opportunity to invest in emerging asset class-consumer loans through a variety of investment options. It generates revenues from fees charged to borrowers. The Group's long-lived assets are located in the PRC and its revenues are derived from within the PRC.