Costco Wholesale (COST) Deferred Taxes (2009 - 2023)
Costco Wholesale's (COST) quarterly Deferred Taxes came in at $4.0 million in Q2 2023, up 130.77% YoY from $1.7 million in Q2 2022, and down 75.0% on a QoQ basis from $16.0 million in Q1 2023.
Costco Wholesale (COST) Deferred Taxes (2009 - 2023) Analysis & Trends
Costco Wholesale (COST) has 15 years of Deferred Taxes data on file, last reported at $4.0 million in Q2 2023.
- Quarterly Deferred Taxes rose 130.77% year-over-year to $4.0 million in Q2 2023, while the trailing twelve-month figure through May 2023 was $57.0 million (up 178.08% YoY) and the FY2022 annual result came in at $37.0 million, up 162.71% from the prior year.
- Deferred Taxes retreated to $4.0 million in Q2 2023, from $16.0 million in the prior quarter.
- In the past five years, Deferred Taxes ranged from a high of $35.0 million in Q3 2022 to a low of -$180.0 million in Q3 2019.
- A 5-year average of -$15.7 million and a median of $3.0 million in 2020 frame the typical range for Deferred Taxes.
- Annual changes were most pronounced in 2019 — Deferred Taxes sank 742.86% — and 2020, when it surged 280.0%.
- Tracing COST's Deferred Taxes over 5 years: stood at -$5.0 million in 2019, then surged by 280.0% to $9.0 million in 2020, then tumbled by 77.78% to $2.0 million in 2021, then changed by 0.0% to $2.0 million in 2022, then surged by 100.0% to $4.0 million in 2023.
- The last three Deferred Taxes figures came in at $4.0 million (Q2 2023), $16.0 million (Q1 2023), and $2.0 million (Q4 2022), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 828.54 Bn | 817.81 Bn | 44.69 Bn | -640.00 Mn |
| 2 | Costco Wholesale | 414.96 Bn | 394.96 Bn | 9.01 Bn | - |
| 3 | Target | 72.00 Bn | 68.46 Bn | 7.38 Bn | 173.00 Mn |
| 4 | Dollar General | 26.64 Bn | 25.29 Bn | 3.41 Bn | -50.55 Mn |
| 5 | Dollar Tree | 25.25 Bn | 24.24 Bn | 1.83 Bn | 110.40 Mn |
| 6 | BJ's Wholesale Club Holdings | 11.76 Bn | 11.73 Bn | 1.03 Bn | 3.17 Mn |
| 7 | Bbb Foods | 5.91 Bn | 5.23 Bn | 250.62 Mn | -2.12 Mn |
| 8 | Pricesmart | 5.12 Bn | 4.80 Bn | 262.22 Mn | -151,000.00 |
| 9 | Ollie's Bargain Outlet Holdings | 4.56 Bn | 4.31 Bn | 275.96 Mn | 1.98 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| May 7, 2023 | 4.00 Mn |
| Feb 12, 2023 | 16.00 Mn |
| Nov 20, 2022 | 2.00 Mn |
| Aug 28, 2022 | 35.00 Mn |
| May 8, 2022 | -13.00 Mn |
| Feb 13, 2022 | 13.00 Mn |
| Nov 21, 2021 | 2.00 Mn |
| Aug 29, 2021 | -75.00 Mn |
| May 9, 2021 | -5.00 Mn |
| Feb 14, 2021 | 12.00 Mn |
| Nov 22, 2020 | 9.00 Mn |
| Aug 30, 2020 | -109.00 Mn |
| May 10, 2020 | 6.00 Mn |
| Feb 16, 2020 | 4.00 Mn |
| Nov 24, 2019 | -5.00 Mn |
| Sep 1, 2019 | -180.00 Mn |
| May 12, 2019 | 6.00 Mn |
| Feb 17, 2019 | -4.00 Mn |
| Nov 25, 2018 | 31.00 Mn |
| Sep 2, 2018 | 28.00 Mn |