Ready Capital (RC) Prepaid Assets (2015 - 2024)
Ready Capital (RC) posted Prepaid Assets of $379.41 million for Q2 2024, up 71.9% from $220.69 million a year earlier and up 20.2% from the prior quarter.
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Analysis
Ready Capital (RC) Prepaid Assets (2015 - 2024) Analysis & Trends
At the end of FY2023, Ready Capital's Prepaid Assets came in at $300.18 million, up 63.6% from FY2022.
- Annual Prepaid Assets has increased for three consecutive years, with a five-year compound annual growth rate of 36.1% (FY2018 to FY2023).
- In prior years, Ready Capital's Prepaid Assets was $183.53 million in FY2022 (+6.6%), $172.1 million in FY2021 (+92.3%), $89.5 million in FY2020 (-16.3%) and $106.93 million in FY2019 (+66.2%).
- The Q2 2024 figure stands as the highest quarterly Prepaid Assets in data going back to Q4 2015.
- On a year-over-year basis, Prepaid Assets has increased in each of the last 12 quarters, with growth averaging 32.5% over the last eight quarters.
- The strongest year-over-year quarter for Prepaid Assets in the past five years was Q3 2021, with growth of 99.6%; the weakest was Q4 2020, with a decline of 16.3%.
- According to Business Quant data, Prepaid Assets for the three prior quarters was $315.77 million (Q1 2024), $300.18 million (Q4 2023) and $265.43 million (Q3 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - |
| 10 | Ready Capital | 191.64 Mn | -488.28 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2024 | 379.41 Mn |
| Mar 31, 2024 | 315.77 Mn |
| Dec 31, 2023 | 300.18 Mn |
| Sep 30, 2023 | 265.43 Mn |
| Jun 30, 2023 | 220.69 Mn |
| Mar 31, 2023 | 202.69 Mn |
| Dec 31, 2022 | 183.53 Mn |
| Sep 30, 2022 | 213.03 Mn |
| Jun 30, 2022 | 183.89 Mn |
| Mar 31, 2022 | 186.09 Mn |
| Dec 31, 2021 | 172.10 Mn |
| Sep 30, 2021 | 196.83 Mn |
| Jun 30, 2021 | 120.21 Mn |
| Mar 31, 2021 | 151.50 Mn |
| Dec 31, 2020 | 89.50 Mn |
| Sep 30, 2020 | 98.61 Mn |
| Mar 31, 2020 | 114.89 Mn |
| Dec 31, 2019 | 106.93 Mn |
| Sep 30, 2019 | 76.85 Mn |
| Jun 30, 2019 | 68.40 Mn |
API Access
Ready Capital Prepaid Assets API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=prepaid-assets&ticker=RC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "prepaid-assets", "ticker": "RC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=prepaid-assets&ticker=RC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();