Shift Technologies (STU:4GI0) Tax Provision: €-0.2 Mil (TTM As of Jun. 2023)

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STU:4GI0 Shift Technologies Inc STU:4GI0
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What is Shift Technologies Tax Provision?

Shift Technologies STU:4GI0 10 Tax Provision is €-0.2 Mil as of Jun. 2023. GuruFocus rates STU:4GI0 with a GF Score™ of 10/100.

Shift Technologies's tax provision for the three months ended in Jun. 2023 was €0.1 Mil. Its tax provision for the trailing twelve months (TTM) ended in Jun. 2023 was €-0.2 Mil.

Shift Technologies Tax Provision Historical Data

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The historical data trend for Shift Technologies's Tax Provision 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.

Shift Technologies Tax Provision Chart

Shift Technologies Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Tax Provision
0.00 0.00 -0.20 -0.31

Shift Technologies Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Tax Provision 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 -0.03 -0.02 -0.23 -0.05 0.13
STU:4GI0
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Shift Technologies Inc STU:4GI0
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Shift Technologies Tax Provision Calculation

Tax to be paid.

Tax Provision for the trailing twelve months (TTM) ended in Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-0.2 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.

Frequently Asked Questions Learn more about Tax Provision →
What does a Tax Provision of €-0.2 Mil mean?
Shift Technologies (STU:4GI0) has a Tax Provision of €-0.2 Mil as of Jun. 2023. Provision for taxes is the amount of tax the company owes based on pre-tax income. View historical data on Shift Technologies and its competitors.
Is Shift Technologies' Tax Provision too high?
Shift Technologies' current Tax Provision is €-0.2 Mil. Overall, Shift Technologies has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Shift Technologies' Tax Provision compare to PREC and EICCF?
Shift Technologies' Tax Provision of €-0.2 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Provision for a Vehicles & Parts company?
A good Tax Provision depends on the Vehicles & Parts industry context. However, Tax Provision should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Provision mean?
A high Tax Provision can signal that a stock is expensive relative to its fundamentals. Provision for taxes is the amount of tax the company owes based on pre-tax income. View historical data on Shift Technologies and its competitors. Shift Technologies's current Tax Provision is €-0.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shift Technologies stock overvalued right now?
Shift Technologies (STU:4GI0) has a current Tax Provision of €-0.2 Mil. The current Tax Provision is €-0.2 Mil. Shift Technologies' overall GF Score™ is 10/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Provision calculated?
Tax Provision is calculated from a company's financial statements. For Shift Technologies (STU:4GI0), the current Tax Provision is €-0.2 Mil as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Shift Technologies Business Description

Address 290 Division Street, Suite 400, San Francisco, CA, USA, 94103-4893
Shift Technologies Inc is an end-to-end auto e-commerce platform transforming the used car industry with a technology-driven, hassle-free customer experience. The company makes car purchase and ownership simple - making buying or selling a used car fun, fair, and accessible to everyone. It provides comprehensive, digital solutions throughout the car ownership lifecycle: finding the right car, having a test drive , a seamless digitally-driven purchase transaction including financing and vehicle protection products, an efficient, digital trade-in/sale transaction, and a vision to provide high-value support services during car ownership. It operates in two segments: Retail and Wholesale, of which the majority of its revenue comes from Retail.
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Tax Provision is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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