What is RingCentral's inventory turnover?

RingCentral (RNG) reported inventory turnover of 665.3× in Q1 2026.

How has RingCentral's inventory turnover changed year-over-year?

RingCentral's inventory turnover increased by 51.5% year-over-year, from 439.1× to 665.3×.

What is the long-term trend for RingCentral's inventory turnover?

Over 5 years (2020 to 2025), RingCentral's inventory turnover has grown at a -0.4% compound annual growth rate (CAGR), from 679.8× to 666×.

What does inventory turnover mean?

Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.

RingCentral RNG Inventory turnover

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5.7×-0.8×

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3.6×+0.2×

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47.6×-3.4×

Acuity BrandsAYI

4.8×-0.2×

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42.4×—

Other financials

Income statement

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Revenue$644.2M+5.3%

Gross profit$464.8M+7.7%

Operating income$50.0M+384%

Net income$30.6M+396%

EPS (diluted)$0.35+418%

Balance sheet

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Cash & equivalents$111.1M-25.5%

Total debt$1.3B-11.0%

Total equity-$609.3M-12.6%

Total assets$1.4B-12.9%

Cash flow

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Operating cash flow$164.0M+9.6%

CapEx$6.5M+17.1%

Free cash flow$157.5M+9.3%

Valuation

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Market cap$2.97B+39.2%

Enterprise value$4.11B+21.8%

P/E35.2×—

P/S1.2×+0.3×

Profitability

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Gross margin71.6%+1.1pp

Operating margin6.3%+5.3pp

Net margin3.3%+2.5pp

FCF margin23.6%+2.5pp

Returns & leverage

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Return on equity-402.5%—

Debt / equity1×—

Current ratio1.1×+0.5×

Where this comes from

Calculated from RingCentral’s reported figures.

total cost of revenue/inventories=665.3×

Based on trailing twelve months.

The official record: RingCentral’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is RingCentral's inventory turnover?: RingCentral (RNG) reported inventory turnover of 665.3× in Q1 2026.
How has RingCentral's inventory turnover changed year-over-year?: RingCentral's inventory turnover increased by 51.5% year-over-year, from 439.1× to 665.3×.
What is the long-term trend for RingCentral's inventory turnover?: Over 5 years (2020 to 2025), RingCentral's inventory turnover has grown at a -0.4% compound annual growth rate (CAGR), from 679.8× to 666×.
What does inventory turnover mean?: Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.