Labcorp Holdings (LH) Current Deferred Tax Assets (2009 - 2023)
Labcorp Holdings (LH) posted Current Deferred Tax Assets of $7.7 million for Q3 2023, up 20.31% sequentially from $6.4 million in Q2 2023, and down 73.81% YoY from $29.4 million in Q3 2022.
Labcorp Holdings (LH) Current Deferred Tax Assets (2009 - 2023) Analysis & Trends
Labcorp Holdings has reported Current Deferred Tax Assets for 15 years, with the latest figure at $7.7 million in Q3 2023.
- Quarterly Current Deferred Tax Assets fell 73.81% year-over-year to $7.7 million in Q3 2023, while the trailing twelve-month figure through Sep 2023 was $7.7 million (down 73.81% YoY) and the FY2022 annual result came in at $6.4 million, down 70.37% from the prior year.
- Current Deferred Tax Assets climbed to $7.7 million in Q3 2023 per LH's latest filing, from $6.4 million in the prior quarter.
- Over five years, Current Deferred Tax Assets peaked at $29.4 million in Q3 2022 and troughed at $1.7 million in Q1 2019.
- A 5-year average of $14.1 million and a median of $8.8 million in 2019 frame the typical range for Current Deferred Tax Assets.
- The sharpest annual moves came in 2019 and 2020: Current Deferred Tax Assets jumped 726.32% in 2019, then slumped 78.34% in 2020.
- Over 5 years, Current Deferred Tax Assets stood at $8.8 million in 2019, then soared by 134.09% to $20.6 million in 2020, then rose by 4.85% to $21.6 million in 2021, then tumbled by 70.37% to $6.4 million in 2022, then advanced by 20.31% to $7.7 million in 2023.
- According to Business Quant data, Current Deferred Tax Assets over the past three periods registered $7.7 million, $6.4 million, and $7.7 million for Q3 2023, Q2 2023, and Q1 2023 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 209.29 Bn | 205.35 Bn | 8.34 Bn |
| 2 | Danaher | 137.39 Bn | 133.06 Bn | 3.61 Bn |
| 3 | Idexx Laboratories | 46.84 Bn | 46.64 Bn | 779.09 Mn |
| 4 | Agilent Technologies | 39.29 Bn | 37.48 Bn | 990.00 Mn |
| 5 | Natera | 39.28 Bn | 38.18 Bn | 696.04 Mn |
| 6 | Iqvia Holdings | 37.90 Bn | 35.95 Bn | 1.44 Bn |
| 7 | Illumina | 30.65 Bn | 29.49 Bn | 770.00 Mn |
| 8 | Mettler Toledo International | 28.92 Bn | 28.87 Bn | 650.22 Mn |
| 9 | Quest Diagnostics | 25.96 Bn | 25.64 Bn | 1.03 Bn |
| 10 | Labcorp Holdings | 25.71 Bn | 24.73 Bn | 1.01 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2023 | 7.70 Mn |
| Sep 30, 2023 | 7.70 Mn |
| Jun 30, 2023 | 6.40 Mn |
| Jun 30, 2023 | 6.40 Mn |
| Mar 31, 2023 | 7.70 Mn |
| Mar 31, 2023 | 7.70 Mn |
| Dec 31, 2022 | 6.40 Mn |
| Dec 31, 2022 | 6.40 Mn |
| Sep 30, 2022 | 29.40 Mn |
| Sep 30, 2022 | 29.40 Mn |
| Jun 30, 2022 | 28.70 Mn |
| Jun 30, 2022 | 28.70 Mn |
| Mar 31, 2022 | 28.20 Mn |
| Mar 31, 2022 | 28.20 Mn |
| Dec 31, 2021 | 21.60 Mn |
| Dec 31, 2021 | 21.60 Mn |
| Sep 30, 2021 | 23.80 Mn |
| Sep 30, 2021 | 23.80 Mn |
| Jun 30, 2021 | 23.70 Mn |
| Jun 30, 2021 | 23.70 Mn |