RingCentral (RNG) Current Taxes (2012 - 2018)
RingCentral (RNG) posted quarterly Current Taxes of $19.6 million for Q4 2018, up 65.78% year-on-year from $11.8 million in Q4 2017, and up 15.61% on a QoQ basis 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.
- Quarterly Current Taxes rose 65.78% year-over-year to $19.6 million in Q4 2018, while the trailing twelve-month figure through Dec 2018 was $19.6 million (up 65.78% YoY) and the FY2018 annual result came in at $19.6 million, up 65.78% from the prior year.
- Current Taxes advanced to $19.6 million in Q4 2018 per RNG's latest filing, from $17.0 million in the prior quarter.
- Over the last five years, Current Taxes for RNG reached as high as $19.6 million in Q4 2018 and fell as low as $4.6 million in Q1 2014.
- A 5-year average of $8.8 million and a median of $7.2 million in 2016 frame the typical range for Current Taxes.
- Annual changes were most pronounced in 2015 — Current Taxes dropped 1.68% — and 2018, when it surged 103.77%.
- Year by year, Current Taxes stood at $5.3 million in 2014, then dropped 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.
- According to Business Quant data, Current Taxes over the past three periods registered $19.6 million, $17.0 million, and $16.1 million for Q4 2018, Q3 2018, and Q2 2018 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 1.50 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | 70.96 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | - |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | - |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | - |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | - |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 372.20 Mn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | - |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | - |
| 10 | RingCentral | 3.27 Bn | 3.15 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 |