RingCentral (RNG) Current Taxes (2012 - 2018)
RingCentral (RNG) posted quarterly Current Taxes of $19.6 million for Q4 2018, up 65.78% year-over-year from $11.8 million in Q4 2017, and up 15.61% quarter-over-quarter from $17.0 million in Q3 2018.
RingCentral (RNG) Current Taxes (2012 - 2018) Analysis & Trends
RingCentral (RNG) has reported Current Taxes for 7 consecutive years, with $19.6 million the latest figure, recorded in Q4 2018.
- In Q4 2018, Current Taxes rose 65.78% year-over-year to $19.6 million; the TTM figure through Dec 2018 stood at $19.6 million (up 65.78% YoY), while the FY2018 annual figure was $19.6 million, up 65.78% from the prior year.
- Current Taxes improved to $19.6 million in Q4 2018 per RNG's latest filing, from $17.0 million in the prior quarter.
- Across five years, Current Taxes topped out at $19.6 million in Q4 2018 and bottomed at $4.6 million in Q1 2014.
- Historically, Current Taxes has averaged $8.8 million across 5 years, with a median of $7.2 million in 2016.
- Annual changes were most pronounced in 2015 — Current Taxes decreased 1.68% — and 2018, when it soared 103.77%.
- RingCentral's Current Taxes stood at $5.3 million in 2014, then retreated by 0.64% to $5.2 million in 2015, then surged by 37.71% to $7.2 million in 2016, then surged by 63.82% to $11.8 million in 2017, then jumped by 65.78% to $19.6 million in 2018.
- Business Quant data shows RNG's Current Taxes at $19.6 million in Q4 2018, $17.0 million in Q3 2018, and $16.1 million in Q2 2018.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 1.58 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | - |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | - |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | - |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | - |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | - |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 110.30 Mn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 38.00 Mn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | - |
| 10 | RingCentral | 5.40 Bn | 5.29 Bn | 472.31 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2018 | 19.61 Mn |
| Sep 30, 2018 | 16.96 Mn |
| Jun 30, 2018 | 16.09 Mn |
| Mar 31, 2018 | 13.37 Mn |
| Dec 31, 2017 | 11.83 Mn |
| Sep 30, 2017 | 8.70 Mn |
| Jun 30, 2017 | 7.90 Mn |
| Mar 31, 2017 | 9.44 Mn |
| Dec 31, 2016 | 7.22 Mn |
| Sep 30, 2016 | 7.24 Mn |
| Jun 30, 2016 | 7.09 Mn |
| Mar 31, 2016 | 5.77 Mn |
| Dec 31, 2015 | 5.24 Mn |
| Sep 30, 2015 | 5.86 Mn |
| Jun 30, 2015 | 5.91 Mn |
| Mar 31, 2015 | 5.73 Mn |
| Dec 31, 2014 | 5.28 Mn |
| Sep 30, 2014 | 5.96 Mn |
| Jun 30, 2014 | 5.58 Mn |
| Mar 31, 2014 | 4.64 Mn |