Ready Historical Income Statement
| RC Stock | USD 7.39 0.14 1.93% |
Historical analysis of Ready Capital income statement accounts such as Gross Profit of 1.2 B, Other Operating Expenses of 102.6 M or Operating Income of 923.3 M can show how well Ready Capital Corp performed in making a profits. Evaluating Ready Capital income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Ready Capital's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Ready Capital Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Ready Capital Corp is a good buy for the upcoming year.
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About Ready Income Statement Analysis
Ready Capital Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Ready Capital shareholders. The income statement also shows Ready investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Ready Capital Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Ready Capital Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Ready Capital Corp minus its cost of goods sold. It is profit before Ready Capital operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Ready Capital Corp. It is also known as Ready Capital overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Ready Capital's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Ready Capital Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ready Capital Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. For information on how to trade Ready Stock refer to our How to Trade Ready Stock guide.At present, Ready Capital's Total Revenue is projected to increase significantly based on the last few years of reporting. The current year's Gross Profit is expected to grow to about 1.2 B, whereas Depreciation And Amortization is forecasted to decline to about 19.2 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 325.0M | 404.9M | 1.1B | 1.2B | Total Revenue | 383.4M | 460.2M | 1.1B | 1.2B |
Ready Capital income statement Correlations
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Ready Capital income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 6.3M | 33.6M | (23.6M) | 230.7M | 20.2M | 19.2M | |
| Interest Expense | 151.9M | 175.5M | 213.6M | 400.8M | 716.5M | 752.3M | |
| Selling General Administrative | 66.4M | 115.6M | 118.4M | 131.2M | 95.1M | 67.6M | |
| Total Revenue | 146.1M | 270.1M | 383.4M | 460.2M | 1.1B | 1.2B | |
| Gross Profit | 113.0M | 215.8M | 325.0M | 404.9M | 1.1B | 1.2B | |
| Other Operating Expenses | 49.0M | 216.9M | 196.5M | 18.1M | 94.3M | 102.6M | |
| Operating Income | 62.4M | 53.3M | 186.8M | 624.8M | 879.3M | 923.3M | |
| Ebit | 62.4M | 53.3M | 186.8M | 414.2M | 879.3M | 923.3M | |
| Ebitda | 62.4M | 86.8M | 163.3M | 644.8M | 899.6M | 944.5M | |
| Cost Of Revenue | 33.2M | 54.4M | 58.4M | 55.3M | 40.8M | 42.0M | |
| Total Operating Expenses | 49.0M | (216.9M) | (196.5M) | 18.1M | 34.7M | 36.5M | |
| Income Before Tax | 64.5M | 54.5M | 189.1M | 232.9M | 358.4M | 376.3M | |
| Total Other Income Expense Net | 2.1M | 1.2M | 2.2M | (16.0M) | (520.9M) | (494.9M) | |
| Net Income | 73.0M | 44.9M | 157.7M | 194.3M | 339.5M | 356.4M | |
| Income Tax Expense | (10.6M) | 8.4M | 29.1M | 29.7M | 7.2M | 7.5M | |
| Net Income From Continuing Ops | 75.1M | 46.1M | 160.0M | 203.2M | 351.2M | 368.8M | |
| Net Income Applicable To Common Shares | 73.0M | 44.9M | 150.2M | 176.7M | 203.2M | 213.4M | |
| Minority Interest | 2.1M | 1.2M | (2.2M) | (8.9M) | (10.1M) | (9.6M) | |
| Research Development | 4.8M | 6.7M | 8.0M | 9.0M | 7.4M | 4.0M | |
| Tax Provision | (10.6M) | 8.4M | 29.1M | 29.7M | 6.3M | 10.2M | |
| Interest Income | 229.9M | 16.2M | 403.5M | 121.7M | 908.1M | 953.5M | |
| Net Interest Income | 78.0M | 83.2M | 189.9M | 270.4M | 240.1M | 146.4M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ready Capital Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. For information on how to trade Ready Stock refer to our How to Trade Ready Stock guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Is Mortgage Real Estate Investment Trusts (REITs) space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ready Capital. If investors know Ready will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ready Capital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.053 | Dividend Share 1.15 | Earnings Share (0.72) | Revenue Per Share 0.76 | Quarterly Revenue Growth (0.81) |
The market value of Ready Capital Corp is measured differently than its book value, which is the value of Ready that is recorded on the company's balance sheet. Investors also form their own opinion of Ready Capital's value that differs from its market value or its book value, called intrinsic value, which is Ready Capital's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ready Capital's market value can be influenced by many factors that don't directly affect Ready Capital's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ready Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ready Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ready Capital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.