NaaS Technology (NAAS) Rent Expense (2016 - 2021)
NaaS Technology (NAAS) posted quarterly Rent Expense of $9.4 million for Q2 2021, up 34.12% year-over-year from $7.0 million in Q2 2020, and up 2.16% quarter-over-quarter from $9.2 million in Q1 2021.
NaaS Technology (NAAS) Rent Expense (2016 - 2021) Analysis & Trends
NaaS Technology (NAAS) has reported Rent Expense for 6 consecutive years, with $9.4 million the latest figure, recorded in Q2 2021.
- In Q2 2021, Rent Expense rose 34.12% year-over-year to $9.4 million; the TTM figure through Jun 2021 stood at $33.9 million (up 11.05% YoY), while the FY2020 annual figure was $31.0 million, down 2.22% from the prior year.
- Rent Expense advanced to $9.4 million in Q2 2021 per NAAS's latest filing, from $9.2 million in the prior quarter.
- Across five years, Rent Expense topped out at $9.4 million in Q2 2021 and bottomed at $4.8 million in Q1 2017.
- Historically, Rent Expense has averaged $7.2 million across 5 years, with a median of $7.2 million in 2018.
- Annual changes were most pronounced in 2018 — Rent Expense jumped 36.72% — and 2020, when it fell 12.0%.
- NaaS Technology's Rent Expense stood at $5.7 million in 2017, then increased by 26.65% to $7.2 million in 2018, then grew by 17.69% to $8.5 million in 2019, then dropped by 12.0% to $7.4 million in 2020, then climbed by 26.53% to $9.4 million in 2021.
- Business Quant data shows NAAS's Rent Expense at $9.4 million in Q2 2021, $9.2 million in Q1 2021, and $7.4 million in Q4 2020.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 30.86 Bn | 30.34 Bn | 1.08 Bn | - |
| 2 | Williams Sonoma | 28.83 Bn | 27.81 Bn | 1.10 Bn | - |
| 3 | Ulta Beauty | 22.86 Bn | 22.64 Bn | 1.27 Bn | - |
| 4 | Tractor Supply | 18.25 Bn | 18.02 Bn | 1.68 Bn | - |
| 5 | Best Buy | 18.12 Bn | 16.37 Bn | 2.10 Bn | - |
| 6 | Dick'S Sporting Goods | 16.18 Bn | 15.18 Bn | 1.68 Bn | - |
| 7 | Five Below | 13.82 Bn | 12.71 Bn | 478.64 Mn | - |
| 8 | Murphy USA | 10.46 Bn | 10.28 Bn | 746.50 Mn | - |
| 9 | Bath & Body Works | 4.03 Bn | 3.08 Bn | 1.24 Bn | - |
| 10 | NaaS Technology | 10.19 Mn | -1.15 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2021 | 9.42 Mn |
| Jun 30, 2021 | 9.42 Mn |
| Mar 31, 2021 | 9.22 Mn |
| Mar 31, 2021 | 9.22 Mn |
| Dec 31, 2020 | 7.44 Mn |
| Dec 31, 2020 | 7.44 Mn |
| Sep 30, 2020 | 7.87 Mn |
| Sep 30, 2020 | 7.87 Mn |
| Jun 30, 2020 | 7.02 Mn |
| Jun 30, 2020 | 7.02 Mn |
| Mar 31, 2020 | 7.19 Mn |
| Mar 31, 2020 | 7.19 Mn |
| Dec 31, 2019 | 8.46 Mn |
| Dec 31, 2019 | 8.46 Mn |
| Sep 30, 2019 | 7.90 Mn |
| Sep 30, 2019 | 7.90 Mn |
| Jun 30, 2019 | 7.80 Mn |
| Jun 30, 2019 | 7.80 Mn |
| Mar 31, 2019 | 7.73 Mn |
| Mar 31, 2019 | 7.73 Mn |