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% quarter-over-quarter from -$68.6 million in Q4 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 for Q1 2024 stood at $400000.0, 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.
- The 4-year median for Deferred Taxes is $2.0 million (2022), against an average of $3.7 million.
- Peak annual rise in Deferred Taxes reached 4575.32% in 2023, while the deepest fall reached 185.06% in 2023.
- RideNow's Deferred Taxes stood at $11.6 million in 2021, then surged by 596.67% to $80.6 million in 2022, then sank by 185.06% to -$68.6 million in 2023, then surged by 100.58% to $400000.0 in 2024.
- Business Quant data shows RDNW's Deferred Taxes at $400000.0 in Q1 2024, -$68.6 million in Q4 2023, and $3.6 million in Q3 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Uxin | 79.07 Bn | 79.06 Bn | - | - |
| 2 | Carvana | 51.70 Bn | 48.95 Bn | 1.38 Bn | -63.00 Mn |
| 3 | Penske Automotive | 14.30 Bn | 14.23 Bn | 1.36 Bn | 8.20 Mn |
| 4 | Lithia Motors | 8.60 Bn | 8.23 Bn | 1.50 Bn | 35.20 Mn |
| 5 | Carmax | 8.33 Bn | 7.73 Bn | 854.41 Mn | -991,000.00 |
| 6 | Autonation | 7.00 Bn | 6.95 Bn | 1.23 Bn | 7.80 Mn |
| 7 | Rush Enterprises Inc \Tx\ | 6.32 Bn | 6.06 Bn | 361.67 Mn | 2.05 Mn |
| 8 | Autozi Internet Technology (Global) | 6.28 Bn | 6.10 Bn | - | - |
| 9 | Valvoline | 4.26 Bn | 4.17 Bn | 214.90 Mn | - |
| 10 | RideNow | 244.72 Mn | 231.32 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 |