RingCentral (RNG) Return on Equity [ROE] (2013 - 2022)
RingCentral (RNG) posted Return on Equity [ROE] of -10377.48% for Q2 2022, down 10289.77 percentage points from -87.72% a year earlier and down 10105.62 percentage points from the prior quarter.
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Analysis
RingCentral (RNG) Return on Equity [ROE] (2013 - 2022) Analysis & Trends
For FY2021, RingCentral's Return on Equity [ROE] came in at -116.23%, down 100.48 percentage points from FY2020.
- Annual Return on Equity [ROE] has declined for four consecutive years, with a five-year change of -104.40 percentage points (FY2016 to FY2021).
- In prior years, RingCentral's Return on Equity [ROE] was -15.75% in FY2020 (-5.66 pp), -10.08% in FY2019 (-0.48 pp), -9.60% in FY2018 (-7.46 pp) and -2.14% in FY2017 (+9.69 pp).
- The Q2 2022 figure stands as the lowest quarterly Return on Equity [ROE] in data going back to Q4 2013.
- On a year-over-year basis, Return on Equity [ROE] has declined in each of the last five quarters, with an average year-over-year change of -1395.92 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Equity [ROE] in the past five years was Q3 2017, with a gain of 25.72 percentage points; the weakest was Q2 2022, with a drop of 10289.77 percentage points.
- According to Business Quant data, Return on Equity [ROE] for the three prior quarters was -271.87% (Q1 2022), -195.86% (Q4 2021) and -377.68% (Q3 2021).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 90.32 Bn | 65.57 Bn | 6.00 Bn | 62.57% |
| 2 | Atlassian | 46.45 Bn | 39.73 Bn | 1.53 Bn | -5.55% |
| 3 | Twilio | 44.08 Bn | 34.07 Bn | 725.87 Mn | 14.15% |
| 4 | Autodesk | 43.30 Bn | 31.34 Bn | 1.87 Bn | 49.91% |
| 5 | Zoom Communications | 25.52 Bn | -5.27 Bn | 985.50 Mn | 30.20% |
| 6 | Figma | 10.74 Bn | 4.24 Bn | 309.61 Mn | -94.19% |
| 7 | Dropbox | 7.01 Bn | 2.65 Bn | 506.50 Mn | - |
| 8 | Nice | 6.59 Bn | 5.06 Bn | 995.81 Mn | - |
| 9 | RingCentral | 6.37 Bn | 5.87 Bn | 472.31 Mn | - |
| 10 | Open Text | 5.38 Bn | 813.39 Mn | 1.01 Bn | 16.12% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2022 | -10,377.48% |
| Mar 31, 2022 | -271.87% |
| Dec 31, 2021 | -195.86% |
| Sep 30, 2021 | -377.68% |
| Jun 30, 2021 | -87.72% |
| Mar 31, 2021 | -8.63% |
| Dec 31, 2020 | -27.40% |
| Sep 30, 2020 | -25.37% |
| Jun 30, 2020 | -19.04% |
| Mar 31, 2020 | -17.47% |
| Dec 31, 2019 | -9.61% |
| Sep 30, 2019 | -9.38% |
| Jun 30, 2019 | -8.96% |
| Mar 31, 2019 | -9.19% |
| Dec 31, 2018 | -8.48% |
| Sep 30, 2018 | -6.99% |
| Jun 30, 2018 | -3.83% |
| Mar 31, 2018 | -1.86% |
| Dec 31, 2017 | -2.15% |
| Sep 30, 2017 | 1.30% |
API Access
RingCentral Return on Equity [ROE] 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=return-on-equity-%5Broe%5D&ticker=RNG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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=return-on-equity-%5Broe%5D&ticker=RNG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();