RingCentral (RNG) Gains from Investment Securities (2015 - 2023)
RingCentral (RNG) posted quarterly Gains from Investment Securities of -$140000.0 for Q4 2023, down 100.51% year-on-year from $27.3 million in Q4 2022, and down 108.51% on a QoQ basis from $1.6 million in Q1 2023.
RingCentral (RNG) Gains from Investment Securities (2015 - 2023) Analysis & Trends
RingCentral (RNG) has reported Gains from Investment Securities for 7 consecutive years, with -$140000.0 the latest figure, recorded in Q4 2023.
- Quarterly Gains from Investment Securities fell 100.51% year-over-year to -$140000.0 in Q4 2023, while the trailing twelve-month figure through Sep 2024 was -$140000.0 (down 100.48% YoY) and the FY2023 annual result came in at $1.5 million, down 99.26% from the prior year.
- Gains from Investment Securities declined to -$140000.0 in Q4 2023 per RNG's latest filing, from $1.6 million in the prior quarter.
- Over the last five years, Gains from Investment Securities for RNG reached as high as $78.2 million in Q3 2022 and fell as low as -$57.5 million in Q1 2021.
- A 5-year average of $9.5 million and a median of $3.4 million in 2019 frame the typical range for Gains from Investment Securities.
- Annual changes were most pronounced in 2020 — Gains from Investment Securities plunged 1273.49% — and 2022, when it surged 10188.68%.
- Year by year, Gains from Investment Securities stood at $3.4 million in 2019, then tumbled by 1273.49% to -$39.5 million in 2020, then jumped by 100.67% to $265000.0 in 2021, then jumped by 10188.68% to $27.3 million in 2022, then slumped by 100.51% to -$140000.0 in 2023.
- According to Business Quant data, Gains from Investment Securities over the past three periods registered -$140000.0, $1.6 million, and $27.3 million for Q4 2023, Q1 2023, and Q4 2022 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Sap Se | 199.59 Bn | 179.36 Bn | 8.16 Bn |
| 2 | Full Truck Alliance | 193.24 Bn | 190.53 Bn | - |
| 3 | Shopify | 164.78 Bn | 159.04 Bn | 1.55 Bn |
| 4 | Salesforce | 150.52 Bn | 138.68 Bn | 8.56 Bn |
| 5 | Uber Technologies | 139.79 Bn | 138.58 Bn | 5.95 Bn |
| 6 | ServiceNow | 109.10 Bn | 104.44 Bn | 2.82 Bn |
| 7 | Automatic Data Processing | 102.68 Bn | 99.45 Bn | 2.87 Bn |
| 8 | Adobe | 95.80 Bn | 90.17 Bn | 5.90 Bn |
| 9 | Snowflake | 93.75 Bn | 90.79 Bn | 926.45 Mn |
| 10 | RingCentral | 4.51 Bn | 4.40 Bn | 472.31 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | -140,000.00 |
| Dec 31, 2023 | -140,000.00 |
| Mar 31, 2023 | 1.65 Mn |
| Mar 31, 2023 | 1.65 Mn |
| Dec 31, 2022 | 27.27 Mn |
| Dec 31, 2022 | 27.27 Mn |
| Sep 30, 2022 | 78.17 Mn |
| Sep 30, 2022 | 78.17 Mn |
| Jun 30, 2022 | 50.66 Mn |
| Jun 30, 2022 | 50.66 Mn |
| Mar 31, 2022 | 47.38 Mn |
| Mar 31, 2022 | 47.38 Mn |
| Dec 31, 2021 | 265,000.00 |
| Dec 31, 2021 | 265,000.00 |
| Sep 30, 2021 | 48.71 Mn |
| Sep 30, 2021 | 48.71 Mn |
| Jun 30, 2021 | 23.16 Mn |
| Jun 30, 2021 | 23.16 Mn |
| Mar 31, 2021 | -57.52 Mn |
| Mar 31, 2021 | -57.52 Mn |