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| 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 |