RideNow (RDNW) Deferred Taxes (2021 - 2024)
RideNow (RDNW) recorded quarterly Deferred Taxes of $400000.0 in Q1 2024, up 100.58% quarter-over-quarter from -$68.6 million in Q4 2023, and down 76.47% on a YoY basis from $1.7 million in Q2 2023.
RideNow (RDNW) Deferred Taxes (2021 - 2024) Analysis & Trends
RideNow's Deferred Taxes history runs 4 years deep, the most recent figure standing at $400000.0 for 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 was $400000.0 for Q1 2024 at RideNow, up from -$68.6 million in the prior quarter.
- In the past five years, Deferred Taxes ranged from a high of $80.6 million in Q4 2022 to a low of -$68.6 million in Q4 2023.
- Historically, Deferred Taxes has averaged $3.7 million across 4 years, with a median of $2.0 million in 2022.
- Biggest YoY gain for Deferred Taxes was 4575.32% in 2023; the steepest drop was 185.06% in 2023.
- A 4-year view of Deferred Taxes shows it stood at $11.6 million in 2021, then soared by 596.67% to $80.6 million in 2022, then slumped by 185.06% to -$68.6 million in 2023, then soared by 100.58% to $400000.0 in 2024.
- The last three Deferred Taxes figures came in at $400000.0 (Q1 2024), -$68.6 million (Q4 2023), and $3.6 million (Q3 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Uxin | 18.05 Bn | 18.09 Bn | 11.57 Mn | - |
| 2 | Carvana | 9.49 Bn | 7.89 Bn | 1.27 Bn | -35.00 Mn |
| 3 | Carmax | 6.94 Bn | 6.35 Bn | 605.26 Mn | -2.82 Mn |
| 4 | Lithia Motors | 6.76 Bn | 6.78 Bn | 1.42 Bn | 16.20 Mn |
| 5 | Autonation | 6.51 Bn | 6.45 Bn | 1.21 Bn | 22.20 Mn |
| 6 | Rush Enterprises Inc \Tx\ | 5.19 Bn | 4.97 Bn | 343.80 Mn | 4.32 Mn |
| 7 | Valvoline | 4.57 Bn | 4.48 Bn | 187.00 Mn | - |
| 8 | Openlane | 3.88 Bn | 3.84 Bn | 256.20 Mn | 2.60 Mn |
| 9 | Group 1 Automotive | 3.69 Bn | 3.65 Bn | 877.90 Mn | -13.70 Mn |
| 10 | RideNow | 277.10 Mn | 247.60 Mn | 70.90 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |