Magnite (MGNI) Non-Current Deferred Tax Liability (2014 - 2024)
Magnite (MGNI) recorded Non-Current Deferred Tax Liability of $287,000 in Q2 2024, down 94.7% from $5.38 million a year earlier and down 0.3% from the prior quarter.
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Analysis
Magnite (MGNI) Non-Current Deferred Tax Liability (2014 - 2024) Analysis & Trends
At the end of FY2023, Magnite reported Non-Current Deferred Tax Liability of $680,000, down 86.6% from FY2022.
- Annual Non-Current Deferred Tax Liability has a three-year compound annual growth rate of 50.6% (FY2020 to FY2023).
- Across earlier years, Non-Current Deferred Tax Liability came in at $5.07 million in FY2022 (-61.9%), $13.3 million in FY2021 and $199,000 in FY2020.
- The Q2 2024 figure is the lowest quarterly Non-Current Deferred Tax Liability since Q1 2021.
- On a year-over-year basis, Non-Current Deferred Tax Liability has declined for nine consecutive quarters, with an average decline of 69.0% over the last eight quarters.
- Over the past five years, the year-over-year decline in Non-Current Deferred Tax Liability ranged from 38.6% (Q2 2022) to 94.7% (Q2 2024).
- Per Business Quant, the preceding three quarters came in at $288,000 (Q1 2024), $680,000 (Q4 2023) and $4.4 million (Q3 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 3,977.99 Bn | 3,735.52 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,673.42 Bn | 1,375.94 Bn | 49.47 Bn |
| 3 | Netflix | 279.11 Bn | 239.31 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 237.07 Bn | 50.84 Bn | 15.11 Bn |
| 5 | Shopify | 220.77 Bn | 197.95 Bn | 1.71 Bn |
| 6 | Uber Technologies | 139.70 Bn | 111.50 Bn | 6.38 Bn |
| 7 | Booking Holdings | 125.22 Bn | 58.27 Bn | - |
| 8 | Spotify Technology | 117.67 Bn | 75.17 Bn | 1.86 Bn |
| 9 | PDD Holdings | 110.57 Bn | -133.21 Bn | 9.45 Bn |
| 10 | Magnite | 3.34 Bn | 1.79 Bn | 130.79 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2024 | 287,000.00 |
| Mar 31, 2024 | 288,000.00 |
| Dec 31, 2023 | 680,000.00 |
| Sep 30, 2023 | 4.40 Mn |
| Jun 30, 2023 | 5.38 Mn |
| Mar 31, 2023 | 4.71 Mn |
| Dec 31, 2022 | 5.07 Mn |
| Sep 30, 2022 | 11.51 Mn |
| Jun 30, 2022 | 11.51 Mn |
| Mar 31, 2022 | 11.51 Mn |
| Dec 31, 2021 | 13.30 Mn |
| Sep 30, 2021 | 19.49 Mn |
| Jun 30, 2021 | 18.74 Mn |
| Mar 31, 2021 | 230,000.00 |
| Dec 31, 2020 | 199,000.00 |
| Sep 30, 2017 | 42,000.00 |
| Jun 30, 2017 | 42,000.00 |
| Mar 31, 2017 | 42,000.00 |
| Dec 31, 2016 | 42,000.00 |
| Sep 30, 2016 | 1.23 Mn |
API Access
Magnite Non-Current Deferred Tax Liability API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=non-current-deferred-tax-liability&ticker=MGNI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-deferred-tax-liability", "ticker": "MGNI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=non-current-deferred-tax-liability&ticker=MGNI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();