RideNow (RDNW) Amortizatization of Intangibles (2016 - 2023)
RideNow (RDNW) posted quarterly Amortizatization of Intangibles of $2.4 million for Q2 2023, up 53.65% year-over-year from $1.6 million in Q2 2022, and up 4.99% on a QoQ basis from $2.3 million in Q1 2023.
RideNow (RDNW) Amortizatization of Intangibles (2016 - 2023) Analysis & Trends
RideNow (RDNW) has reported Amortizatization of Intangibles for 8 consecutive years, with $2.4 million the latest figure, recorded in Q2 2023.
- In Q2 2023, Amortizatization of Intangibles rose 53.65% year-over-year to $2.4 million; the TTM figure through Jun 2023 stood at $7.6 million (up 12.8% YoY), while the FY2022 annual figure was $6.4 million, up 45.53% from the prior year.
- Amortizatization of Intangibles came in at $2.4 million for Q2 2023 at RideNow, up from $2.3 million in the prior quarter.
- The five-year high for Amortizatization of Intangibles was $2.4 million in Q4 2022, with the low at $211725.0 in Q1 2019.
- Average Amortizatization of Intangibles over 5 years is $1.2 million, with a median of $627755.0 recorded in 2020.
- Across the five-year window, Amortizatization of Intangibles surged 367.51% in 2019 and tumbled 63.58% in 2022, its largest moves.
- Year by year, Amortizatization of Intangibles stood at $355939.0 in 2019, then soared by 48.34% to $528000.0 in 2020, then soared by 298.11% to $2.1 million in 2021, then rose by 16.41% to $2.4 million in 2022, then slipped by 0.29% to $2.4 million in 2023.
- According to Business Quant data, Amortizatization of Intangibles over the past three periods registered $2.4 million, $2.3 million, and $2.4 million for Q2 2023, Q1 2023, and Q4 2022 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Amort. of Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Uxin | 128.90 Bn | 128.96 Bn | - | - |
| 2 | Carvana | 48.46 Bn | 46.86 Bn | 1.27 Bn | - |
| 3 | Penske Automotive | 11.65 Bn | 11.59 Bn | 1.30 Bn | - |
| 4 | Carmax | 7.34 Bn | 7.21 Bn | 854.41 Mn | - |
| 5 | Lithia Motors | 6.80 Bn | 6.82 Bn | 1.42 Bn | 24.30 Mn |
| 6 | Autonation | 6.40 Bn | 6.33 Bn | 1.21 Bn | - |
| 7 | Rush Enterprises Inc \Tx\ | 5.57 Bn | 5.35 Bn | 343.80 Mn | - |
| 8 | Valvoline | 4.88 Bn | 4.79 Bn | 187.00 Mn | - |
| 9 | Asbury Automotive | 3.76 Bn | 3.73 Bn | 726.90 Mn | - |
| 10 | RideNow | 251.29 Mn | 221.79 Mn | 70.90 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2023 | 2.44 Mn |
| Jun 30, 2023 | 2.44 Mn |
| Mar 31, 2023 | 2.32 Mn |
| Mar 31, 2023 | 2.32 Mn |
| Dec 31, 2022 | 2.45 Mn |
| Dec 31, 2022 | 2.45 Mn |
| Sep 30, 2022 | 413,000.00 |
| Sep 30, 2022 | 413,000.00 |
| Jun 30, 2022 | 1.59 Mn |
| Jun 30, 2022 | 1.59 Mn |
| Mar 31, 2022 | 1.94 Mn |
| Mar 31, 2022 | 1.94 Mn |
| Dec 31, 2021 | 2.10 Mn |
| Dec 31, 2021 | 2.10 Mn |
| Sep 30, 2021 | 1.13 Mn |
| Sep 30, 2021 | 1.13 Mn |
| Jun 30, 2021 | 591,000.00 |
| Jun 30, 2021 | 591,000.00 |
| Mar 31, 2021 | 559,000.00 |
| Mar 31, 2021 | 559,000.00 |