Resimac Group Limited, a non-bank financial institution, provides residential mortgage and asset finance lending solutions in Australia and New Zealand. The company operates in two segments, Australian Lending Business and New Zealand Lending Business. It offers prime and specialist lending products; SME/commercial finance products; and home and car loans. The company also provides mortgage originator, trustee, lender, manager, and broker services; and LMI captive insurer and record lending services. In addition, it acts as a trust manager and servicer; and an issuer of residential mortgage-backed securities. Further, the company provides warehouse mortgages and managed investment trust services. Resimac Group Ltd offers its products and services through brokers, wholesale partners, and direct retail networks, as well as direct-to-consumer channel primarily under the Resimac, Resimac Asset Finance, and homeloans.com.au brands. The company was formerly known as Homeloans Limited and changed its name to Resimac Group Resimac Group Limited in December 2018. Resimac Group Limited was founded in 1985 and is based in Sydney, Australia.
General Outlook
In simple terms, Resimac Group Limited has 401.622 M shares that people are buying and selling right now. When we look at how much money they make before expenses, they keep 1.000% as profit. This shows they're good at controlling costs and are financially stable. Their operating profit, which is money made from regular business activities, is 0.489%. This means they run their business efficiently. Lastly, after paying all their bills, they still have a profit of 0.341%. This tells us they're good at keeping money after all costs.
Return on Investments
The company's asset efficiency, represented by a robust 0.004% return, is a testament to Resimac Group Limited's adeptness in optimizing resource deployment. Resimac Group Limited's utilization of its assets to generate profits is strikingly evident through a noteworthy return on equity of 0.168%. Furthermore, the proficiency of Resimac Group Limited in capital utilization is underscored by a remarkable 0.218% return on capital employed.
Stock Prices
Resimac Group Limited's stock prices have been subject to undulating patterns. The peak stock value during this interval surged to $1.08, while its low point bottomed out at $1.02. This variance in figures offers investors a lucid insight into the roller-coaster ride that is Resimac Group Limited's stock market.
