RingCentral (FRA:3RCA) Construction In Progress : €234 Mil (As of Dec. 2023)

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What is RingCentral Construction In Progress?

RingCentral's quarterly construction in progress increased from Jun. 2023 (€211 Mil) to Sep. 2023 (€225 Mil) and increased from Sep. 2023 (€225 Mil) to Dec. 2023 (€234 Mil).

RingCentral's annual construction in progress increased from Dec. 2021 (€124 Mil) to Dec. 2022 (€188 Mil) and increased from Dec. 2022 (€188 Mil) to Dec. 2023 (€234 Mil).

RingCentral Construction In Progress Historical Data

The historical data trend for RingCentral's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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RingCentral Construction In Progress Chart

RingCentral Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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43.58

74.28

124.28

188.46

234.43

RingCentral Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Construction In Progress	Get a 7-Day Free Trial															188.46	199.83	211.10	224.57	234.43

RingCentral Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

RingCentral (FRA:3RCA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » RingCentral Inc (FRA:3RCA) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

RNG:USA 3RCA:Germany

Address

20 Davis Drive, Belmont, CA, USA, 94002

Website

https://www.ringcentral.com

RingCentral is a unified communications as a service, or UCaaS, provider. Its software helps users communicate and collaborate via voice, video, and messaging across all device types and all from one platform. RingCentral helps customers modernize and move from legacy on-premises systems to modern, cloud-based systems. Beyond its core RingCentral MVP solution, RingCentral also offers a cloud-based contact center solution, a standalone video meetings solution, and webinars.

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