RingCentral (RingCentral) Days Payable

: 25.89 (As of Dec. 2023)

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RingCentral's average Accounts Payable for the three months ended in Dec. 2023 was $48 Mil. RingCentral's Cost of Goods Sold for the three months ended in Dec. 2023 was $170 Mil. Hence, RingCentral's Days Payable for the three months ended in Dec. 2023 was 25.89.

The historical rank and industry rank for RingCentral's Days Payable or its related term are showing as below:

RNG' s Days Payable Range Over the Past 10 Years
Min: 19.61 Med: 28.81 Max: 50.5
Current: 27.74

During the past 13 years, RingCentral's highest Days Payable was 50.50. The lowest was 19.61. And the median was 28.81.

RNG's Days Payable is ranked worse than
69.84% of 2523 companies
in the Software industry
Industry Median: 51.49 vs RNG: 27.74

RingCentral's Days Payable declined from Dec. 2022 (42.97) to Dec. 2023 (25.89). It may suggest that RingCentral accelerated paying its suppliers.

RingCentral Days Payable Historical Data

The historical data trend for RingCentral's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

RingCentral Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

35.35

50.00

50.50

37.75

31.87

RingCentral Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																42.97	33.81	25.83	21.61	25.89

Competitive Comparison

For the Software - Application subindustry, RingCentral's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

RingCentral Days Payable Distribution

For the Software industry and Technology sector, RingCentral's Days Payable distribution charts can be found below:

* The bar in red indicates where RingCentral's Days Payable falls into.

RingCentral Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

RingCentral's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (62.721	+	53.295)	/	2 )	/	664.291	*	365
=	58.008					/	664.291	*	365
=	31.87

RingCentral's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (43.311	+	53.295)	/	2 )	/	170.224	*	365 / 4
=	48.303					/	170.224	*	365 / 4
=	25.89

RingCentral Days Payable Related Terms

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RingCentral (RingCentral) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » RingCentral Inc (NYSE:RNG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

3RCA:Germany

Address

20 Davis Drive, Belmont, CA, USA, 94002

Website

https://www.ringcentral.com

RingCentral is a unified communications as a service, or UCaaS, provider. Its software helps users communicate and collaborate via voice, video, and messaging across all device types and all from one platform. RingCentral helps customers modernize and move from legacy on-premises systems to modern, cloud-based systems. Beyond its core RingCentral MVP solution, RingCentral also offers a cloud-based contact center solution, a standalone video meetings solution, and webinars.

Executives

Sonalee Elizabeth Parekh	officer: Chief Financial Officer	767 FIFTH AVENUE, NEW YORK NY 10153
Vladimir Shmunis	director, 10 percent owner, officer: CEO and Chairman	C/O RINGCENTRAL, INC., 20 DAVIS DRIVE, BELMONT CA 94002
John H Marlow	officer: SVP & General Counsel	C/O RINGCENTRAL, INC, 20 DAVIS DRIVE, BELMONT CA 94002
Vaibhav Agarwal	officer: Chief Accounting Officer	20 DAVIS DRIVE, BELMONT CA 94002
Mohammed Katibeh	officer: Chief Operating Officer	20 DAVIS DRIVE, BELMONT CA 94002
Tarek Robbiati	director	6200 SPRINT PARKWAY, OVERLAND PARK KS 66251
Sri Srinivasan	director	C/O ZUORA, INC., 101 REDWOOD SHORES PARKWAY, REDWOOD CITY CA 94065
Mitesh Dhruv	officer: CFO	34601 CASCADES CIRCLE, UNION CITY CA 94587
Anand Eswaran	officer: President & COO	20 DAVIS DRIVE, BELMONT CA 94002
R Neil Williams	director	C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043
Praful Shah	officer: SVP, Strategy	C/O RINGCENTRAL, INC., 1400 FASHION ISLAND BLVD, 7TH FLOOR, SAN MATEO CA 94404
Robert I Theis	director
Godfrey Sullivan	director	SPLUNK INC., 250 BRANNAN STREET, SAN FRANCISCO CA 94107
Arne Duncan	director	182 N. UNION AVENUE, FARMINGTON UT 84025
Allan C. Thygesen	director	20 DAVIS DRIVE, BELMONT CA 94002