RideNow (RDNW) Deferred Taxes (2021 - 2024)

RideNow (RDNW) posted quarterly Deferred Taxes of $400000.0 for Q1 2024, down 76.47% year-over-year from $1.7 million in Q2 2023, and up 100.58% on a QoQ basis from -$68.6 million in Q4 2023.

RideNow (RDNW) Deferred Taxes (2021 - 2024) Analysis & Trends

RideNow (RDNW) has reported Deferred Taxes for 4 consecutive years, with $400000.0 the latest figure, recorded in Q1 2024.

  • In Q1 2024, Deferred Taxes fell 76.47% year-over-year to $400000.0; the TTM figure through Dec 2024 stood at $400000.0 (up 100.68% YoY), while the FY2024 annual figure was $400000.0, up 100.68% from the prior year.
  • Deferred Taxes came in at $400000.0 for Q1 2024 at RideNow, up from -$68.6 million in the prior quarter.
  • The five-year high for Deferred Taxes was $80.6 million in Q4 2022, with the low at -$68.6 million in Q4 2023.
  • Average Deferred Taxes over 4 years is $3.7 million, with a median of $2.0 million recorded in 2022.
  • The largest YoY upside for Deferred Taxes was 4575.32% in 2023 against a maximum downside of 185.06% in 2023.
  • Year by year, Deferred Taxes stood at $11.6 million in 2021, then soared by 596.67% to $80.6 million in 2022, then tumbled by 185.06% to -$68.6 million in 2023, then soared by 100.58% to $400000.0 in 2024.
  • According to Business Quant data, Deferred Taxes over the past three periods registered $400000.0, -$68.6 million, and $3.6 million for Q1 2024, Q4 2023, and Q3 2023 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Deferred Taxes (Qtr)
1 Uxin 128.90 Bn 128.96 Bn - -
2 Carvana 48.46 Bn 46.86 Bn 1.27 Bn -35.00 Mn
3 Penske Automotive 11.65 Bn 11.59 Bn 1.30 Bn -700,000.00
4 Carmax 7.34 Bn 7.21 Bn 854.41 Mn -991,000.00
5 Lithia Motors 6.80 Bn 6.82 Bn 1.42 Bn 16.20 Mn
6 Autonation 6.40 Bn 6.33 Bn 1.21 Bn 22.20 Mn
7 Rush Enterprises Inc \Tx\ 5.57 Bn 5.35 Bn 343.80 Mn 4.32 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
DateValue
Mar 31, 2024 400,000.00
Dec 31, 2023 -68.60 Mn
Sep 30, 2023 3.60 Mn
Jun 30, 2023 4.80 Mn
Mar 31, 2023 1.70 Mn
Dec 31, 2022 80.65 Mn
Sep 30, 2022 77,000.00
Jun 30, 2022 -5.99 Mn
Mar 31, 2022 1.97 Mn
Dec 31, 2021 11.58 Mn
Sep 30, 2021 10.97 Mn