Industrial Bank of Korea (XKRX:024110) Tax Rate % : 25.92% (As of Sep. 2024)

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What is Industrial Bank of Korea Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Industrial Bank of Korea's Tax Expense for the three months ended in Sep. 2024 was ₩281,192 Mil. Industrial Bank of Korea's Pre-Tax Income for the three months ended in Sep. 2024 was ₩1,084,751 Mil. Therefore, Industrial Bank of Korea's Tax Rate % for the quarter that ended in Sep. 2024 was 25.92%.

Industrial Bank of Korea Tax Rate % Historical Data

The historical data trend for Industrial Bank of Korea'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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Industrial Bank of Korea Tax Rate % Chart

Industrial Bank of Korea Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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27.94

25.83

26.88

25.79

23.41

Industrial Bank of Korea Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Tax Rate %	Get a 7-Day Free Trial															26.00	17.05	23.63	26.07	25.92

Industrial Bank of Korea Tax Rate % Calculation

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

Industrial Bank of Korea'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 )
	=	817849	/	3493037
	=	23.41 %

Industrial Bank of Korea's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Sep. 2024 )	/	Pre-Tax Income (Q: Sep. 2024 )
	=	281192	/	1084751
	=	25.92 %

Industrial Bank of Korea Tax Rate % Related Terms

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Industrial Bank of Korea Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Industrial Bank of Korea (XKRX:024110) » Definitions » Tax Rate %

Traded in Other Exchanges

N/A

Address

50 Euljiro 2-Ga, Joong-Gu, Seoul, KOR, 100-758

Website

https://www.ibk.co.kr

Industrial Bank of Korea is a financial institution domiciled in Korea. The company principally earns revenue from interest income. The bank organises itself into seven segments: retail, corporate, money market, investment banking, credit card, foreign exchange, and others. Corporate banking operations represent more than half consolidated revenue, with retail banking operations the next most significant segment. The vast majority of revenue is derived domestically. The Republic of Korea is a majority shareholder in Industrial Bank of Korea.

Industrial Bank of Korea Headlines

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