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| Date | Value |
|---|---|
| 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 |