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Meikles (LSE:MIK) Tax Rate % : 68.96% (As of Aug. 2023)


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What is Meikles Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Meikles's Tax Expense for the six months ended in Aug. 2023 was $66 Mil. Meikles's Pre-Tax Income for the six months ended in Aug. 2023 was $96 Mil. Therefore, Meikles's Tax Rate % for the quarter that ended in Aug. 2023 was 68.96%.

Meikles Tax Rate % Historical Data

The historical data trend for Meikles'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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Meikles Tax Rate % Chart

Meikles Annual Data
Trend Dec08 Dec09 Mar11 Mar12 Mar19 Mar20 Mar21
Tax Rate %
Get a 7-Day Free Trial -27.71 30.04 43.93 23.48 74.70

Meikles Semi-Annual Data
Dec09 Mar11 Mar12 Sep12 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Aug23
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 87.94 16.58 48.45 66.61 68.96

Meikles Tax Rate % Calculation

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

Meikles's Tax Rate % for the fiscal year that ended in Mar. 2021 is calculated as

Tax Rate %=Tax Expense (A: Mar. 2021 )/Pre-Tax Income (A: Mar. 2021 )
=5.49/7.349
=74.70 %

Meikles's Tax Rate % for the quarter that ended in Aug. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Aug. 2023 )/Pre-Tax Income (Q: Aug. 2023 )
=66.021/95.742
=68.96 %

* 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.

Meikles Tax Rate % Related Terms

Thank you for viewing the detailed overview of Meikles's Tax Rate % provided by GuruFocus.com. Please click on the following links to see related term pages.

Meikles (LSE:MIK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meikles Ltd (LSE:MIK) » Definitions » Tax Rate %
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XZIM:OKZ.ZW PHS:SM TSE:8267 LIVEPOL1 DDS JSE:SHP TSE:9005 LSE:MKS XSGO:FALABELLA BKK:CRC TSE:3099 M SZSE:000564 XSGO:CENCOSUD TSE:7453 SORIANAB JSE:PPH BSP:GMAT3 LIM:INRETC1 SHSE:600655
Traded in Other Exchanges
MEIK.ZW:Zimbabwe
Address
4 Steppes Road, Highlands, Harare, ZWE
Website
https://www.meiklesltd.com
Meikles Ltd is a Zimbabwe-based investment holding company. Its business segments include Supermarkets, Hotels, properties, and security guard operations. It is organized into two geographical segments, Zimbabwe, and non-Zimbabwe. The majority of its revenue is generated from the Supermarkets segment within Zimbabwe.