Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Ready Capital's Pre-Tax Income for the
three
months ended in Dec. 2023 was $11.3 Mil. Ready Capital's Revenue for the
three
months ended in Dec. 2023 was $55.1 Mil. Therefore, Ready Capital's pretax margin for the quarter that ended in Dec. 2023 was 20.56%.
The historical rank and industry rank for Ready Capital's Pretax Margin % or its related term are showing as below:
RC'
s Pretax Margin % Range Over the Past 10 Years
Min: 13.45 Med: 41.6 Max: 88.36
Current: 87.12
RC's Pretax Margin % is ranked better than 79.77% of 791
companies
in the REITs industry
Industry Median: 33.45
vs RC: 87.12
Ready Capital Pretax Margin % Historical Data
The historical data trend for Ready Capital's Pretax Margin % 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.
Competitive Comparison of Ready Capital's Pretax Margin %
For the REIT - Mortgage subindustry, Ready Capital's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ready Capital's Pretax Margin % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Ready Capital's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Ready Capital's Pretax Margin % falls into.
Ready Capital Pretax Margin % Calculation
Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.
Ready Capital's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Ready Capital (NYSE:RC) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Ready Capital Pretax Margin % Related Terms
Thank you for viewing the detailed overview of Ready Capital's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ready Capital (Ready Capital) Business Description
Ready Capital Corp is a real estate finance company. It acquires, manages, originates, and finances small-balance commercial loans to purchase small multi-family, office, retail, mixed-use, or warehouse properties. The company's segments consist of SBC Lending and Acquisitions, Small Business Lending, and Residential Mortgage Banking. Its objective is to provide attractive risk-adjusted returns through dividends and through capital appreciation.
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