MMX Mineracao E Metalicos (MMX Mineracao E Metalicos) Tax Rate % : -0.30% (As of Mar. 2021)

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What is MMX Mineracao E Metalicos Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. MMX Mineracao E Metalicos's Tax Expense for the three months ended in Mar. 2021 was $0.02 Mil. MMX Mineracao E Metalicos's Pre-Tax Income for the three months ended in Mar. 2021 was $-5.27 Mil. Therefore, MMX Mineracao E Metalicos's Tax Rate % for the quarter that ended in Mar. 2021 was -0.30%.

MMX Mineracao E Metalicos Tax Rate % Historical Data

The historical data trend for MMX Mineracao E Metalicos'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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MMX Mineracao E Metalicos Tax Rate % Chart

MMX Mineracao E Metalicos Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Tax Rate %

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0.67

5.47

-1.27

-2.30

-1.25

MMX Mineracao E Metalicos Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Tax Rate %	Get a 7-Day Free Trial															-	-1.65	-1.38	2.34	-0.30

MMX Mineracao E Metalicos Tax Rate % Calculation

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

MMX Mineracao E Metalicos's Tax Rate % for the fiscal year that ended in Dec. 2020 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2020 )	/	Pre-Tax Income (A: Dec. 2020 )
	=	0.194	/	-15.56
	=	-1.25 %

MMX Mineracao E Metalicos's Tax Rate % for the quarter that ended in Mar. 2021 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2021 )	/	Pre-Tax Income (Q: Mar. 2021 )
	=	0.016	/	-5.265
	=	-0.30 %

MMX Mineracao E Metalicos Tax Rate % Related Terms

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MMX Mineracao E Metalicos (MMX Mineracao E Metalicos) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MMX Mineracao E Metalicos SA (GREY:MMXXF) » Definitions » Tax Rate %

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Traded in Other Exchanges

N/A

Address

Rua Lauro Muller, 116 sala 1808, Botafogo Rio de Janeiro, Rio de Janeiro, RJ, BRA, 22290-160

Website

http://www.mmx.com.br

MMX Mineracao E Metalicos SA (MMX) is a Brazil-based company engaged in iron ore mining. The company has installed capacity to produce about 7 million metric tons of iron ore per year in its two systems, namely The Southeast System and the Corumba System. The Southeast System is formed by the Serra Azul and Bom Sucesso Units. It exploits the Tico-Tico and Ipe mines, located in the Serra Azul Region-in the iron mining area of Minas Gerais State. The company has also acquired the mining rights for the Pau de Vinho Mine. The iron ore produced by the Serra Azul Unit is sold to customers in Brazil and other countries.

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