Gaotu Techedu (GOTU) Long-Term Deferred Tax (2018 - 2024)
Gaotu Techedu's (GOTU) quarterly Long-Term Deferred Tax came in at $1.0 million in Q2 2024, down 38.33% YoY from $1.6 million in Q3 2023, and down 0.59% on a QoQ basis from $1.0 million in Q1 2024.
Gaotu Techedu (GOTU) Long-Term Deferred Tax (2018 - 2024) Analysis & Trends
Gaotu Techedu (GOTU) has 7 years of Long-Term Deferred Tax data on file, last reported at $1.0 million in Q2 2024.
- Quarterly Long-Term Deferred Tax fell 38.33% year-over-year to $1.0 million in Q2 2024, while the trailing twelve-month figure through Jun 2024 was $1.0 million (down 38.33% YoY) and the FY2023 annual result came in at $1.6 million, down 29.92% from the prior year.
- Long-Term Deferred Tax fell to $1.0 million in Q2 2024, from $1.0 million in the prior quarter.
- In the past five years, Long-Term Deferred Tax ranged from a high of $22.7 million in Q2 2020 to a low of $1.0 million in Q2 2024.
- A 5-year average of $6.9 million and a median of $2.1 million in 2022 frame the typical range for Long-Term Deferred Tax.
- Annual changes were most pronounced in 2020 — Long-Term Deferred Tax surged 597.08% — and 2024, when it sank 50.73%.
- Tracing GOTU's Long-Term Deferred Tax over 5 years: stood at $7.3 million in 2020, then increased by 16.79% to $8.5 million in 2021, then slumped by 74.11% to $2.2 million in 2022, then declined by 28.73% to $1.6 million in 2023, then sank by 35.78% to $1.0 million in 2024.
- The last three Long-Term Deferred Tax figures came in at $1.0 million (Q2 2024), $1.0 million (Q1 2024), and $1.6 million (Q4 2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | New Oriental Education & Technology | 82.68 Bn | 81.02 Bn | 812.22 Mn |
| 2 | Laureate Education | 5.15 Bn | 4.99 Bn | 237.67 Mn |
| 3 | Graham Holdings | 5.00 Bn | 3.79 Bn | 777.03 Mn |
| 4 | Covista | 4.48 Bn | 4.48 Bn | 284.63 Mn |
| 5 | Youdao | 4.15 Bn | 4.08 Bn | 87.31 Mn |
| 6 | Grand Canyon Education | 3.81 Bn | 3.54 Bn | 204.08 Mn |
| 7 | Stride | 3.47 Bn | 2.51 Bn | 217.28 Mn |
| 8 | McGraw Hill | 2.59 Bn | 2.34 Bn | 388.89 Mn |
| 9 | TAL Education | 2.14 Bn | -1,233.59 Bn | 227.32 Mn |
| 10 | Gaotu Techedu | 270.36 Mn | -211.94 Mn | 163.65 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | 1.01 Mn |
| Mar 31, 2024 | 1.02 Mn |
| Dec 31, 2023 | 1.57 Mn |
| Sep 30, 2023 | 1.55 Mn |
| Jun 30, 2023 | 1.64 Mn |
| Mar 31, 2023 | 2.06 Mn |
| Dec 31, 2022 | 2.20 Mn |
| Mar 31, 2021 | 8.52 Mn |
| Dec 31, 2020 | 7.29 Mn |
| Sep 30, 2020 | 19.37 Mn |
| Jun 30, 2020 | 22.70 Mn |
| Mar 31, 2020 | 13.94 Mn |
| Dec 31, 2019 | 4.36 Mn |
| Sep 30, 2019 | 5.61 Mn |
| Jun 30, 2019 | 3.26 Mn |
| Dec 31, 2018 | 4.52 Mn |