Onity (ONIT) Depreciation and Depletion (2010 - 2023)

Onity (ONIT) recorded quarterly Depreciation and Depletion of $1.5 million in Q3 2023, down 6.25% quarter-over-quarter from $1.6 million in Q2 2023, and down 40.0% on a YoY basis from $2.5 million in Q3 2022.

Onity (ONIT) Depreciation and Depletion (2010 - 2023) Analysis & Trends

Onity's Depreciation and Depletion history runs 14 years deep, the most recent figure standing at $1.5 million for Q3 2023.

  • In Q3 2023, Depreciation and Depletion fell 40.0% year-over-year to $1.5 million; the TTM figure through Sep 2023 stood at $7.8 million (down 25.52% YoY), while the FY2022 annual figure was $10.5 million, up 1.94% from the prior year.
  • Depreciation and Depletion was $1.5 million for Q3 2023 at Onity, down from $1.6 million in the prior quarter.
  • In the past five years, Depreciation and Depletion ranged from a high of $11.0 million in Q2 2019 to a low of $1.5 million in Q3 2023.
  • Historically, Depreciation and Depletion has averaged $4.0 million across 5 years, with a median of $2.9 million in 2021.
  • The sharpest annual moves came in 2019 and 2021: Depreciation and Depletion surged 80.08% in 2019, then tumbled 68.87% in 2021.
  • A 5-year view of Depreciation and Depletion shows it stood at $5.9 million in 2019, then tumbled by 37.16% to $3.7 million in 2020, then declined by 25.09% to $2.8 million in 2021, then gained by 4.58% to $2.9 million in 2022, then sank by 48.28% to $1.5 million in 2023.
  • The last three Depreciation and Depletion figures came in at $1.5 million (Q3 2023), $1.6 million (Q2 2023), and $1.8 million (Q1 2023), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Dep. & Depletion (Qtr)
1 Rocket Companies 34.85 Bn 32.16 Bn - -
2 PennyMac Financial Services 4.14 Bn 3.65 Bn 523.89 Mn -
3 Walker & Dunlop 1.73 Bn 1.55 Bn - -
4 UWM Holdings 743.45 Mn 1.57 Bn - -
5 Velocity Financial 668.42 Mn 583.96 Mn - -
6 CNFinance Holdings 591.78 Mn 542.97 Mn - -
7 Better Home & Finance Holding 419.52 Mn 349.24 Mn - 244,000.00
8 Onity 306.24 Mn 306.24 Mn - -
9 loanDepot 209.70 Mn -4.79 Mn - -
10 Greystone Housing Impact Investors 120.06 Mn 120.06 Mn - -

Historic Data

Download Data
DateValue
Sep 30, 2023 1.50 Mn
Sep 30, 2023 1.50 Mn
Jun 30, 2023 1.60 Mn
Jun 30, 2023 1.60 Mn
Mar 31, 2023 1.80 Mn
Mar 31, 2023 1.80 Mn
Dec 31, 2022 2.90 Mn
Dec 31, 2022 2.90 Mn
Sep 30, 2022 2.50 Mn
Sep 30, 2022 2.50 Mn
Jun 30, 2022 2.60 Mn
Jun 30, 2022 2.60 Mn
Mar 31, 2022 2.60 Mn
Mar 31, 2022 2.60 Mn
Dec 31, 2021 2.77 Mn
Dec 31, 2021 2.77 Mn
Sep 30, 2021 2.46 Mn
Sep 30, 2021 2.46 Mn
Jun 30, 2021 2.21 Mn
Jun 30, 2021 2.21 Mn