Ready Capital (RC) Tax Rate (2015 - 2023)
Ready Capital (RC) reported Tax Rate of 4.90% for Q4 2023, down 1.16 percentage points from the prior quarter.
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Analysis
Ready Capital (RC) Tax Rate (2015 - 2023) Analysis & Trends
For FY2023, Ready Capital posted Tax Rate of 2.00%, down 6.84 percentage points from FY2022.
- Tax Rate has declined for three consecutive years, with a five-year change of -0.20 percentage points (FY2018 to FY2023).
- By year, Tax Rate came in at 8.84% in FY2022 (-2.40 pp), 11.24% in FY2021 (-4.15 pp) and 15.40% in FY2020.
- Five-year quarterly Tax Rate spans a low of 0.89% in Q2 2023 and a high of 23.07% in Q1 2021.
- The high point for year-over-year Tax Rate in five years was Q2 2021 (a gain of 4.78 percentage points); the low point was Q1 2023 (a drop of 19.45 percentage points).
- Per Business Quant data, the three quarters before Q4 2023 came in at 6.06% (Q3 2023), 0.89% (Q2 2023) and 2.29% (Q1 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - | - |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - | 25.99% |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn | 30.92% |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - | 18.29% |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - | 24.47% |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - | 19.95% |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn | 20.17% |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - | - |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - | - |
| 10 | Ready Capital | 135.44 Mn | -449.48 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2023 | 4.90% |
| Sep 30, 2023 | 6.06% |
| Jun 30, 2023 | 0.89% |
| Mar 31, 2023 | 2.29% |
| Sep 30, 2022 | 6.72% |
| Jun 30, 2022 | 14.89% |
| Mar 31, 2022 | 21.74% |
| Sep 30, 2021 | 12.32% |
| Jun 30, 2021 | 18.47% |
| Mar 31, 2021 | 23.07% |
| Dec 31, 2020 | 13.41% |
| Sep 30, 2020 | 15.64% |
| Jun 30, 2020 | 13.69% |
| Sep 30, 2018 | 4.85% |
| Jun 30, 2018 | 4.23% |
| Mar 31, 2018 | 12.16% |
| Dec 31, 2017 | 0.59% |
| Jun 30, 2017 | 8.75% |
| Mar 31, 2017 | 9.76% |
| Dec 31, 2016 | 18.49% |
API Access
Ready Capital Tax Rate 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=tax-rate&ticker=RC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=RC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();