CNFinance Holdings (CNF) Tax Provisions (2017 - 2023)
CNFinance Holdings (CNF) reported Tax Provisions of $423000.0 for Q4 2023, up 449.35% on a YoY basis from $77000.0 in Q4 2022, and up 120.86% quarter-over-quarter from -$2.0 million in Q3 2023.
CNFinance Holdings (CNF) Tax Provisions (2017 - 2023) Analysis & Trends
CNFinance Holdings has reported Tax Provisions for 7 years, with the latest figure at $423000.0 in Q4 2023.
- For the quarter ending Q4 2023, Tax Provisions rose 449.35% year-over-year to $423000.0; the trailing twelve-month figure through Dec 2023 stood at -$5.8 million (down 11.22% YoY), and the FY2025 full-year result was $9.2 million, up 530.29% from the prior year.
- Tax Provisions for Q4 2023 stood at $423000.0, up from -$2.0 million in the prior quarter.
- The five-year high for Tax Provisions was $2.4 million in Q4 2021, with the low at -$8.7 million in Q3 2019.
- Historically, Tax Provisions has averaged -$2.5 million across 5 years, with a median of -$2.3 million in 2020.
- Annual changes were most pronounced in 2021 — Tax Provisions slumped 290.54% — and 2023, when it jumped 449.35%.
- CNFinance Holdings' Tax Provisions stood at -$3.3 million in 2019, then dropped by 11.83% to -$3.7 million in 2020, then surged by 165.13% to $2.4 million in 2021, then tumbled by 96.81% to $77000.0 in 2022, then jumped by 449.35% to $423000.0 in 2023.
- The last three Tax Provisions figures came in at $423000.0 (Q4 2023), -$2.0 million (Q3 2023), and -$1.6 million (Q2 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 34.85 Bn | 32.16 Bn | - | 103.00 Mn |
| 2 | PennyMac Financial Services | 4.14 Bn | 3.65 Bn | 523.89 Mn | 22.37 Mn |
| 3 | Walker & Dunlop | 1.73 Bn | 1.55 Bn | - | 8.02 Mn |
| 4 | UWM Holdings | 743.45 Mn | 1.57 Bn | - | 7.13 Mn |
| 5 | Velocity Financial | 668.42 Mn | 583.96 Mn | - | 8.58 Mn |
| 6 | CNFinance Holdings | 591.78 Mn | 542.97 Mn | - | - |
| 7 | Better Home & Finance Holding | 419.52 Mn | 349.24 Mn | - | -1.57 Mn |
| 8 | Onity | 306.24 Mn | 306.24 Mn | - | 300,000.00 |
| 9 | loanDepot | 209.70 Mn | -4.79 Mn | - | -171,000.00 |
| 10 | Greystone Housing Impact Investors | 120.06 Mn | 120.06 Mn | - | -2,673.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | 423,000.00 |
| Sep 30, 2023 | -2.03 Mn |
| Jun 30, 2023 | -1.60 Mn |
| Mar 31, 2023 | -2.56 Mn |
| Dec 31, 2022 | 77,000.00 |
| Sep 30, 2022 | -2.35 Mn |
| Jun 30, 2022 | -489,000.00 |
| Mar 31, 2022 | -2.43 Mn |
| Dec 31, 2021 | 2.41 Mn |
| Sep 30, 2021 | -1.01 Mn |
| Jun 30, 2021 | -1.30 Mn |
| Mar 31, 2021 | -4.45 Mn |
| Dec 31, 2020 | -3.71 Mn |
| Sep 30, 2020 | -3.62 Mn |
| Jun 30, 2020 | -2.20 Mn |
| Mar 31, 2020 | 2.34 Mn |
| Dec 31, 2019 | -3.31 Mn |
| Sep 30, 2019 | -8.67 Mn |
| Jun 30, 2019 | -8.11 Mn |
| Mar 31, 2019 | -6.80 Mn |