What is RingCentral's return on equity?

RingCentral (RNG) reported return on equity of -402.5% in Q1 2022.

What does return on equity mean?

Trailing-twelve-month net income divided by average shareholders' equity (average of the start and end of the trailing-twelve-month window). Measures the profit generated on each dollar of shareholder capital.

RingCentral RNG Return on equity

Discontinued — last reported Q1 '22

Return on equity at other companies

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25.2%+3.9pp

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0.8%+0.4pp

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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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Debt / equity1×—

Current ratio1.1×+0.5×

Where this comes from

Calculated from RingCentral’s reported figures.

net income/total stockholders equity=-402.5%

Based on trailing twelve months.

The official record: RingCentral’s 10-Q, filed May 9, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is RingCentral's return on equity?: RingCentral (RNG) reported return on equity of -402.5% in Q1 2022.
What does return on equity mean?: Trailing-twelve-month net income divided by average shareholders' equity (average of the start and end of the trailing-twelve-month window). Measures the profit generated on each dollar of shareholder capital.