RMNIW (Rimini Street) Total Assets : $369.06 Mil (As of Dec. 2024)

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What is Rimini Street Total Assets?

Rimini Street's Total Assets for the quarter that ended in Dec. 2024 was $369.06 Mil.

During the past 12 months, Rimini Street's average Total Assets Growth Rate was 4.40% per year. During the past 3 years, the average Total Assets Growth Rate was 1.00% per year. During the past 5 years, the average Total Assets Growth Rate was 11.00% per year.

During the past 10 years, Rimini Street's highest 3-Year average Total Assets Growth Rate was 30.70%. The lowest was -11.00%. And the median was 11.80%.

Total Assets is connected with ROA %. Rimini Street's annualized ROA % for the quarter that ended in Dec. 2024 was 7.47%. Total Assets is also linked to Revenue through Asset Turnover. Rimini Street's Asset Turnover for the quarter that ended in Dec. 2024 was 0.32.

Rimini Street Total Assets Historical Data

The historical data trend for Rimini Street's Total Assets 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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Rimini Street Total Assets Chart

Rimini Street Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Assets

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279.94

391.26

391.04

393.80

369.06

Rimini Street Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Assets	Get a 7-Day Free Trial															393.80	351.20	367.37	343.84	369.06

Rimini Street Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Rimini Street's Total Assets for the fiscal year that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (A: Dec. 2024 )	+	Total Liabilities (A: Dec. 2024 )
	=	-69.445	+	438.508
	=	369.06

Rimini Street's Total Assets for the quarter that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2024 )	+	Total Liabilities (Q: Dec. 2024 )
	=	-69.445	+	438.508
	=	369.06

Rimini Street (OTCPK:RMNIW) Total Assets Explanation

Total Assets is connected with ROA %.

Rimini Street's annualized ROA % for the quarter that ended in Dec. 2024 is

ROA %	=	Net Income (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
	=	26.636	/	( (343.842	+	369.063)	/ 2 )
	=	26.636	/	356.4525
	=	7.47 %

Note: The Net Income data used here is four times the quarterly (Dec. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Rimini Street's Asset Turnover for the quarter that ended in Dec. 2024 is

	Asset Turnover
=	Revenue (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
=	114.213	/	( (343.842	+	369.063)	/ 2 )
=	114.213	/	356.4525
=	0.32

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Rimini Street Total Assets Related Terms

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Rimini Street Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Rimini Street Inc (OTCPK:RMNIW) » Definitions » Total Assets

Comparable Companies

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RMNI:USA 0QH:Germany 0QH:Germany

Address

1700 South Pavilion Center Drive, Suite 330, Las Vegas, NV, USA, 89135

Website

https://www.riministreet.com

Rimini Street Inc and its subsidiaries are providers of end-to-end enterprise software support, products, and services. The Company offers a comprehensive family of unified solutions to run, manage, support, customize, configure, connect, protect, monitor, and optimize clients' enterprise applications, database, and technology software platforms. The Company derives revenues from clients by providing subscription support services for enterprise resource planning, customer relationship management, product lifecycle management database, and technology software systems. Geographically, the company generates the majority of its revenue from the United States of America and the International market.