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Rocket (MEX:RKT) Deferred Tax : MXN-163 Mil (TTM As of Sep. 2024)


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What is Rocket Deferred Tax?

Change In Deferred Tax represents future tax liability or asset, resulting from temporary differences between book (accounting) value of assets and liabilities, and their tax value. This arises due to differences between financial accounting for shareholders and tax accounting.

Rocket's change in deferred tax for the three months ended in Sep. 2024 was MXN-261 Mil. Its change in deferred tax for the trailing twelve months (TTM) ended in Sep. 2024 was MXN-163 Mil.

Rocket Deferred Tax Historical Data

The historical data trend for Rocket's Deferred Tax can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Rocket Deferred Tax Chart

Rocket Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Deferred Tax
Get a 7-Day Free Trial - 1,323.42 991.22 705.25 -301.82

Rocket Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Deferred Tax Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 47.99 -240.93 64.84 273.52 -260.64

Rocket Deferred Tax Calculation

Change In Deferred Tax represents future tax liability or asset, resulting from temporary differences between book (accounting) value of assets and liabilities, and their tax value. This arises due to differences between financial accounting for shareholders and tax accounting.

Deferred Tax for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN-163 Mil.


* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Rocket Deferred Tax Related Terms

Thank you for viewing the detailed overview of Rocket's Deferred Tax provided by GuruFocus.com. Please click on the following links to see related term pages.

Rocket Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Rocket Companies Inc (MEX:RKT) » Definitions » Deferred Tax
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Traded in Other Exchanges
RKT:USA
Address
1050 Woodward Avenue, Detroit, MI, USA, 48226
Website
https://ir.rocketcompanies.com
Rocket Companies is a financial services company that was originally founded as Rock Financial in 1985 and is currently based in Detroit. Rocket Companies offers a wide array of services and products but is best known for its Rocket Mortgage business. The company's mortgage lending operations are split between its direct-to-consumer lending, which sees borrowers accessing the company's lending arm directly through either its mobile app or website, and its partner network where mortgage brokers and other firms use Rocket's origination process to offer loans to their customers. The company has rapidly gained market share in recent years and is now the largest mortgage originator in the U.S. as well as the servicer for more than 2 million loans.