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RingCentral (FRA:3RCA) Gross-Profit-to-Asset % : 86.83% (As of Mar. 2024)


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What is RingCentral Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. RingCentral's annualized Gross Profit for the quarter that ended in Mar. 2024 was €1,523 Mil. RingCentral's average Total Assets over the quarter that ended in Mar. 2024 was €1,753 Mil. Therefore, RingCentral's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 86.83%.


RingCentral Gross-Profit-to-Asset % Historical Data

The historical data trend for RingCentral's Gross-Profit-to-Asset % 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 Gross-Profit-to-Asset % Chart

RingCentral Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 57.81 45.59 49.75 59.96 75.41

RingCentral Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross-Profit-to-Asset % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 72.04 74.40 75.69 76.85 86.83

Competitive Comparison of RingCentral's Gross-Profit-to-Asset %

For the Software - Application subindustry, RingCentral's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % 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's Gross-Profit-to-Asset % Distribution in the Software Industry

For the Software industry and Technology sector, RingCentral's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where RingCentral's Gross-Profit-to-Asset % falls into.



RingCentral Gross-Profit-to-Asset % Calculation

RingCentral's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=1410.473/( (1957.537+1783.485)/ 2 )
=1410.473/1870.511
=75.41 %

RingCentral's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=1522.532/( (1783.485+1723.255)/ 2 )
=1522.532/1753.37
=86.83 %

* 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.

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Mar. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.


RingCentral Gross-Profit-to-Asset % Related Terms

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RingCentral (FRA:3RCA) Business Description

Traded in Other Exchanges
Address
20 Davis Drive, Belmont, CA, USA, 94002
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.

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