Discontinued — last reported Q3 '23
Business Segments · Labor And Related Expense
Residential Mortgage Banking — Labor And Related Expense
Ready Capital Residential Mortgage Banking — Labor And Related Expense decreased by 7.7% to $4.89M in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 7.3%, from $5.27M to $4.89M. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2014
Last reportedQ3 2023Nov 8, 2023
Rolls up toCompensation and benefits
How to read this metric
An increase may signal headcount growth or higher performance-based pay; a decrease suggests cost-cutting or reduced operational scale.
Detailed definition
This metric tracks the total compensation and benefits costs associated with the workforce in the residential mortgage b...
Peer comparison
Standard 'Salaries and Benefits' expense line item for business segments.
Metric ID:
rc_segment_residential_mortgage_banking_labor_and_related_expenseHistorical Data
10 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $10.13M | $5.40M | $3.86M | $7.53M | $6.91M | $5.27M | $4.52M | $5.41M | $5.30M | $4.89M |
| QoQ Change | — | -46.7% | -28.5% | +95.2% | -8.3% | -23.6% | -14.2% | +19.7% | -2.1% | -7.7% |
| YoY Change | — | — | — | — | -31.8% | -2.3% | +17.2% | -28.2% | -23.3% | -7.3% |
Range$3.86M – $10.13M
CAGR-27.6%
Avg YoY Growth-12.6%
Median YoY Growth-15.3%
Current Streak2 quarters decline
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Ready Capital's residential mortgage banking — labor and related expense?
- Ready Capital (RC) reported residential mortgage banking — labor and related expense of $4.89M in Q3 2023.
- How has Ready Capital's residential mortgage banking — labor and related expense changed year-over-year?
- Ready Capital's residential mortgage banking — labor and related expense decreased by 7.3% year-over-year, from $5.27M to $4.89M.
- What does residential mortgage banking — labor and related expense mean?
- Total payroll and benefit costs for the residential mortgage banking segment.