Discontinued — last reported Q3 '23
Business Segments · Income tax expense (benefit)
Origination — Income tax expense (benefit)
New Residential Investment Corp. Origination — Income tax expense (benefit) remained flat by 0.0% to -$3.13M in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 78.1%, from -$14.24M to -$3.13M. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalLower is better
VolatilityStable
First reportedQ2 2021
Last reportedQ3 2023Nov 1, 2023
Rolls up toIncome Tax
How to read this metric
An increase in expense reduces net profitability, while a benefit increases it.
Detailed definition
The portion of the origination segment's earnings allocated to income tax expense or benefit. This reflects the tax burd...
Peer comparison
Standard tax allocation line item found in segment reporting for consolidated entities.
Metric ID:
ritm_segment_origination_income_tax_expense_benefitHistorical Data
16 periods
| Q2 '21 | Q2 '21 | Q3 '21 | Q3 '21 | Q1 '22 | Q1 '22 | Q2 '22 | Q2 '22 | Q3 '22 | Q3 '22 | Q1 '23 | Q1 '23 | Q2 '23 | Q2 '23 | Q3 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $19.03M | $19.03M | $32.32M | $32.32M | $6.52M | $6.52M | -$6.52M | -$6.52M | -$14.24M | -$14.24M | -$8.16M | -$8.16M | -$2.72M | -$2.72M | -$3.13M | -$3.13M |
| QoQ Change | — | +0.0% | +69.8% | +0.0% | -79.8% | +0.0% | -200.1% | +0.0% | -118.4% | +0.0% | +42.7% | +0.0% | +66.7% | +0.0% | -15.0% | +0.0% |
| YoY Change | — | — | — | — | — | — | -134.3% | -134.3% | -144.1% | -144.1% | -225.2% | -225.2% | +58.3% | +58.3% | +78.1% | +78.1% |
Range-$14.24M – $32.32M
CAGR-38.2%
Avg YoY Growth-73.4%
Median YoY Growth-134.3%
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Frequently Asked Questions
- What is New Residential Investment Corp.'s origination — income tax expense (benefit)?
- New Residential Investment Corp. (NRZ) reported origination — income tax expense (benefit) of -$3.13M in Q3 2023.
- How has New Residential Investment Corp.'s origination — income tax expense (benefit) changed year-over-year?
- New Residential Investment Corp.'s origination — income tax expense (benefit) increased by 78.1% year-over-year, from -$14.24M to -$3.13M.
- What does origination — income tax expense (benefit) mean?
- The tax expense or benefit specifically attributed to the mortgage origination segment.