RingCentral (RNG) Long-Term Investments (2019 - 2022)
RingCentral (RNG) reported Long-Term Investments of $4.56 million for Q4 2022, down 97.8% from $210.45 million a year earlier and down 85.7% from the prior quarter.
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Analysis
RingCentral (RNG) Long-Term Investments (2019 - 2022) Analysis & Trends
Dating back to Q4 2019, RingCentral's Long-Term Investments record includes 13 quarters.
- Long-Term Investments has a three-year compound annual growth rate of -67.4% (FY2019 to FY2022).
- By year, Long-Term Investments came in at $210.45 million in FY2021 (-1.3%), $213.18 million in FY2020 (+61.3%) and $132.19 million in FY2019.
- The Q4 2022 figure ranks as the lowest quarterly Long-Term Investments in data going back to Q4 2019.
- Year over year, Long-Term Investments has now declined in each of the last five quarters, with an average decline of 6.2% over the last eight quarters.
- The high point for year-over-year Long-Term Investments in five years was Q1 2021 (growth of 146.2%); the low point was Q4 2022 (a decline of 97.8%).
- Per Business Quant data, the three quarters before Q4 2022 came in at $31.82 million (Q3 2022), $113.22 million (Q2 2022) and $163.81 million (Q1 2022).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Long-Term Investments (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 94.34 Bn | 69.59 Bn | 6.00 Bn | - |
| 2 | Atlassian | 49.41 Bn | 42.69 Bn | 1.53 Bn | 213.15 Mn |
| 3 | Twilio | 46.29 Bn | 36.29 Bn | 725.87 Mn | 250.53 Mn |
| 4 | Autodesk | 44.16 Bn | 32.20 Bn | 1.87 Bn | 202.00 Mn |
| 5 | Zoom Communications | 27.42 Bn | -3.37 Bn | 985.50 Mn | 3.79 Bn |
| 6 | Figma | 11.43 Bn | 4.94 Bn | 309.61 Mn | - |
| 7 | Dropbox | 7.49 Bn | 3.12 Bn | 506.50 Mn | - |
| 8 | Nice | 7.04 Bn | 5.51 Bn | 995.81 Mn | - |
| 9 | RingCentral | 6.56 Bn | 6.05 Bn | 472.31 Mn | - |
| 10 | Open Text | 5.42 Bn | 856.97 Mn | 1.01 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2022 | 4.56 Mn |
| Sep 30, 2022 | 31.82 Mn |
| Jun 30, 2022 | 113.22 Mn |
| Mar 31, 2022 | 163.81 Mn |
| Dec 31, 2021 | 210.45 Mn |
| Sep 30, 2021 | 199.66 Mn |
| Jun 30, 2021 | 247.86 Mn |
| Mar 31, 2021 | 270.70 Mn |
| Dec 31, 2020 | 213.18 Mn |
| Sep 30, 2020 | 173.64 Mn |
| Jun 30, 2020 | 149.34 Mn |
| Mar 31, 2020 | 109.94 Mn |
| Dec 31, 2019 | 132.19 Mn |
API Access
RingCentral Long-Term Investments API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=long-term-investments&ticker=RNG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "long-term-investments", "ticker": "RNG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=long-term-investments&ticker=RNG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();