CNFinance Holdings (CNF) Tax Provisions (2017 - 2023)
CNFinance Holdings (CNF) posted Tax Provisions of $423000.0 for Q4 2023, up 120.86% on a QoQ basis from -$2.0 million in Q3 2023, and up 449.35% year-over-year from $77000.0 in Q4 2022.
CNFinance Holdings (CNF) Tax Provisions (2017 - 2023) Analysis & Trends
CNFinance Holdings' Tax Provisions history runs 7 years deep, the most recent figure standing at $423000.0 for Q4 2023.
- Quarterly Tax Provisions rose 449.35% year-over-year to $423000.0 in Q4 2023, while the trailing twelve-month figure through Dec 2023 was -$5.8 million (down 11.22% YoY) and the FY2025 annual result came in at -$15.8 million, down 1182.34% from the prior year.
- Tax Provisions was $423000.0 for Q4 2023 at CNFinance Holdings, up from -$2.0 million in the prior quarter.
- Across five years, Tax Provisions topped out at $2.4 million in Q4 2021 and bottomed at -$8.7 million in Q3 2019.
- A 5-year average of -$2.5 million and a median of -$2.3 million in 2020 frame the typical range for Tax Provisions.
- Annual changes were most pronounced in 2021 — Tax Provisions sank 293.15% — and 2023, when it jumped 449.35%.
- CNFinance Holdings' Tax Provisions stood at -$3.3 million in 2019, then fell by 11.83% to -$3.7 million in 2020, then soared by 166.08% to $2.4 million in 2021, then sank by 96.86% to $77000.0 in 2022, then soared by 449.35% to $423000.0 in 2023.
- Business Quant data shows CNF's Tax Provisions at $423000.0 in Q4 2023, -$2.0 million in Q3 2023, and -$1.6 million in Q2 2023.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 38.33 Bn | 35.64 Bn | - | 103.00 Mn |
| 2 | Federal National Mortgage Association Fannie Mae | 35.67 Bn | 35.67 Bn | - | 944.00 Mn |
| 3 | Federal Home Loan Mortgage | 18.11 Bn | 13.64 Bn | - | 873.00 Mn |
| 4 | PennyMac Financial Services | 4.41 Bn | 3.76 Bn | 523.89 Mn | 22.37 Mn |
| 5 | CNFinance Holdings | 3.28 Bn | 3.20 Bn | - | - |
| 6 | Walker & Dunlop | 1.64 Bn | 1.44 Bn | - | 8.02 Mn |
| 7 | Velocity Financial | 681.36 Mn | -6.51 Bn | - | 8.58 Mn |
| 8 | UWM Holdings | 540.43 Mn | 116.43 Mn | - | 7.13 Mn |
| 9 | Better Home & Finance Holding | 362.34 Mn | 298.07 Mn | - | -1.57 Mn |
| 10 | Onity | 340.51 Mn | 215.81 Mn | - | 300,000.00 |
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 | 2.45 Mn |
| Sep 30, 2021 | -1.01 Mn |
| Jun 30, 2021 | -1.30 Mn |
| Mar 31, 2021 | -4.51 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 |