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U Power (U Power) Tax Rate % : -7.47% (As of Dec. 2023)


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What is U Power Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. U Power's Tax Expense for the six months ended in Dec. 2023 was $0.18 Mil. U Power's Pre-Tax Income for the six months ended in Dec. 2023 was $-2.38 Mil. Therefore, U Power's Tax Rate % for the quarter that ended in Dec. 2023 was -7.47%.

U Power Tax Rate % Historical Data

The historical data trend for U Power'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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U Power Tax Rate % Chart

U Power Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Tax Rate %
- -5.55 -0.01 -11.43

U Power Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Tax Rate % Get a 7-Day Free Trial -8.64 -0.05 - -23.07 -7.47

U Power Tax Rate % Calculation

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

U Power'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 )
=0.366/-3.201
=-11.43 %

U Power'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 )
=0.178/-2.384
=-7.47 %

* 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.

U Power Tax Rate % Related Terms

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U Power (U Power) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » U Power Ltd (NAS:UCAR) » Definitions » Tax Rate %
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Traded in Other Exchanges
N/A
Address
18th Floor, Building 3, Science and Technology Industrial Park, Yijiang District, Anhui Province, Wuhu, CHN, 241003
Website
http://www.upincar.com
U Power Ltd is involved in the provision of vehicle sourcing services. It is principally engaged in the provision of new energy vehicles development and sales; battery swapping stations manufactory and sales; battery swapping services and sourcing services. The company as a broker engaged in sales of vehicles between automobile wholesalers and buyers, including small and medium sized vehicle dealers and individual customers primarily located in the lower-tier cities in China, which are smaller and less developed than the tier-1 or tier-2 cities.