Gaotu Techedu (GOTU) Long-Term Deferred Tax (2018 - 2024)

Gaotu Techedu has reported Long-Term Deferred Tax for 7 years, with the latest figure at $1.0 million in Q2 2024.

• For the quarter ending Q2 2024, Long-Term Deferred Tax fell 38.33% year-over-year to $1.0 million; the trailing twelve-month figure through Jun 2024 stood at $1.0 million (down 38.33% YoY), and the FY2023 full-year result was $1.6 million, down 29.92% from the prior year.
• Long-Term Deferred Tax for Q2 2024 stood at $1.0 million, down from $1.0 million in the prior quarter.
• The five-year high for Long-Term Deferred Tax was $22.7 million in Q2 2020, with the low at $1.0 million in Q2 2024.
• Historically, Long-Term Deferred Tax has averaged $6.9 million across 5 years, with a median of $2.1 million in 2022.
• Annual changes were most pronounced in 2020 — Long-Term Deferred Tax surged 597.08% — and 2024, when it sank 50.73%.
• Gaotu Techedu's Long-Term Deferred Tax 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.