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Hongli Group (Hongli Group) Tax Rate % : 2.82% (As of Dec. 2023)


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What is Hongli Group Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Hongli Group's Tax Expense for the six months ended in Dec. 2023 was $0.00 Mil. Hongli Group's Pre-Tax Income for the six months ended in Dec. 2023 was $0.07 Mil. Therefore, Hongli Group's Tax Rate % for the quarter that ended in Dec. 2023 was 2.82%.

Hongli Group Tax Rate % Historical Data

The historical data trend for Hongli 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.

* Premium members only.

Hongli Group Tax Rate % Chart

Hongli Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
22.08 8.97 7.59 8.72 7.30

Hongli Group Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Tax Rate % Get a 7-Day Free Trial Premium Member Only -2.47 4.84 14.79 7.66 2.82

Hongli Group Tax Rate % Calculation

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

Hongli 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 )
=0.068/0.932
=7.30 %

Hongli Group's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2023 )/Pre-Tax Income (Q: Dec. 2023 )
=0.002/0.071
=2.82 %

* 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.

Hongli Group Tax Rate % Related Terms

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Hongli Group (Hongli Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hongli Group Inc (NAS:HLP) » Definitions » Tax Rate %
Comparable Companies
ZKIN HUDI FRD ACNT USAP NUE XKRX:005490 BOM:500228 TSE:5401 SHSE:600019 XAMS:MT STLD NSE:TATASTEEL RS MIC:CHMF TPE:2002 SZSE:000708 SHSE:600010 BUE:TXAR JSE:KIO
Traded in Other Exchanges
N/A
Address
Beisanli Street, Economic Development Zone, Changle County, Weifang, Shandong, CHN, 262400
Website
https://www.hlyxgg.com
Hongli Group Inc is a cold roll formed steel profile manufacturer in China. It customizes and manufactures cold roll formed steel profiles for machinery and equipment in a variety of sectors, including but not limited to mining and excavation, construction, agriculture and transportation.

Hongli Group (Hongli Group) Headlines

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