Company: ATLCL
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025502
Chunk: 76

Company: Atlanticus Holdings Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 76
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 2.5
     %
      
     $
     3,373

     2.9
     %
      
     $
     3,278

     2.8
     %

      90 or more days past due 
      
     $
     4,944

     4.2
     %
      
     $
     3,220

     2.6
     %
      
     $
     3,542

     3.0
     %
      
     $
     2,607

     2.2
     %

      Average managed receivables 
      
     $
     120,136

     $
     120,183

     $
     118,026

     $
     116,531

      Total managed yield ratio, annualized (2) 

     35.3
     %

     34.9
     %

     35.2
     %

     35.4
     %

      Combined principal net charge-off ratio, annualized (3) 

     9.3
     %

     4.3
     %

     2.0
     %

     1.7
     %

      Recovery ratio, annualized (4) 

     2.3
     %

     1.7
     %

     1.7
     %

     1.7
     %

     (1)
     Period-end managed receivables equal the corresponding amount of loans at amortized cost included in Note 2 "Significant Accounting Policies and Condensed Consolidated Financial Statement Components" in our condensed consolidated financial statements.

      (2) 
      The total managed yield ratio, annualized is calculated using the annualized Total managed yield as the numerator and Period-end average managed receivables as the denominator. 

      (3) 
      The Combined principal net charge-off ratio, annualized is calculated using the annualized Combined principal net charge-offs as the numerator and Period-end average managed receivables as the denominator. 

      (4) 
      The Recovery ratio, annualized is calculated using annualized Recoveries as the numerator and Period-end average managed receivables as the denominator. 

       39

Managed receivables. Stress noted at some dealer locations resulted in higher than anticipated credit losses associated with floorplan loans during 2024. When coupled with increased delinquencies associated with the underlying consumers loans, we have