What is the Return on Assets (ROA) of Rimini Street this year?
The Return on Assets (ROA) of Rimini Street is 0.07 undefined this year.
Rimini Street ROA 2024
Rimini Street ROA
0.07
Ticker
RMNI
ISIN
US76674Q1076
WKN
A2GSYB
In 2024, Rimini Street's return on assets (ROA) was 0.07, a -1,134.96% increase from the -0.01 ROA in the previous year.
Rimini Street Aktienanalyse
What does Rimini Street do?
Rimini Street Inc is an American company that offers IT management services. The company was founded in 2005 and is headquartered in Las Vegas, Nevada. History The company was founded by Seth Ravin, an experienced IT expert who previously worked at PeopleSoft. Ravin was dissatisfied with the service he had received from third-party providers in the past and identified a gap in the market to provide more comprehensive support for the software applications used by companies. With this vision, Ravin founded Rimini Street to provide companies with an extended support service for their software applications. Business Model Rimini Street's business model involves providing companies with alternative maintenance and support services for enterprise software to keep them up to date when needed. By offering maintenance services for existing enterprise applications, Rimini Street can help customers avoid risks associated with outdated software applications without the need to pay the expensive upgrade costs for new versions. Rimini Street has made a name for itself by providing an alternative for customers who do not want to pay the high prices for maintenance and upgrades of their existing software applications. Segments Rimini Street specializes in a wide range of enterprise software applications and offers specialized support for product suites from Oracle, SAP, IBM, Microsoft, and other providers. Additionally, Rimini Street has expanded its range of services by introducing software support for databases, middleware, and other applications. Rimini Street places a strong emphasis on quality and has a commitment to customer satisfaction. The company utilizes advanced methods, such as integrated processes, to ensure that support and service offerings can be delivered quickly. Products Rimini Street offers a comprehensive range of products and services to help companies keep their applications up to date. Key services include: 1. Alternative maintenance and support for Oracle, SAP, IBM, and other enterprise applications 2. Support for middleware and databases 3. Upgrade support to run the latest versions of enterprise software 4. Advanced customization and extensions for companies looking to tailor their applications to their specific business requirements 5. Technical support for troubleshooting and problem-solving Summary Rimini Street Inc is an innovative company that offers alternative maintenance and support services for existing enterprise applications. The company has proven to have a strong market position as an alternative to traditional maintenance and support service providers. With its commitment to quality and its services and products that customers can be satisfied with, Rimini Street has established a strong position in the enterprise applications market. Rimini Street ist eines der beliebtesten Unternehmen auf Eulerpool.com.ROA Details
Understanding Rimini Street's Return on Assets (ROA)
Rimini Street's Return on Assets (ROA) is a key performance indicator that measures the company's profitability in relation to its total assets. It is calculated by dividing the net income by the total assets. A higher ROA indicates efficient asset utilization to generate profits, reflecting managerial effectiveness and financial health.
Year-to-Year Comparison
Comparing Rimini Street's ROA year-over-year provides insights into the company’s operational efficiency and asset utilization trends. An increasing ROA demonstrates enhanced asset efficiency and profitability, while a declining ROA can indicate operational or financial challenges.
Impact on Investments
Investors consider Rimini Street's ROA as a crucial metric to evaluate the company’s profitability and efficiency. A higher ROA signifies that the company is effectively utilizing its assets to generate profits, making it a potentially attractive investment.
Interpreting ROA Fluctuations
Variations in Rimini Street’s ROA can be attributed to changes in net income, asset purchases, or operational efficiencies. Analyzing these fluctuations assists in assessing the company's financial performance, management efficiency, and strategic financial positioning.
Frequently Asked Questions about Rimini Street stock
What was the ROA of Rimini Street compared to the previous year?
The ROA of Rimini Street has increased by -1,134.96% compared to the previous year.
What consequences do high ROA have for investors of Rimini Street?
A high ROA is advantageous for investors of Rimini Street, as it indicates that the company efficiently utilizes its assets and generates good profits.
What are the consequences of low ROA for investors in Rimini Street?
A low ROA can be unfavorable for investors of Rimini Street as it indicates that the company is inefficiently utilizing its assets and may potentially achieve lower profits.
How does an increase in the ROA of Rimini Street affect the company?
An increase in ROA of Rimini Street can be an indicator of improved efficiency in asset utilization and higher profitability.
How does a reduction in ROA of Rimini Street impact the company?
A reduction in the ROA of Rimini Street can be an indicator of lower asset efficiency and profitability.
What are some factors that can influence the ROA of Rimini Street?
Some factors that can influence the ROA of Rimini Street include revenue, operating costs, asset structure, and industry average.
Why is the ROA of Rimini Street important for investors?
The ROA of Rimini Street is important for investors as it is an indicator of the company's profitability and efficiency in utilizing assets. It provides investors with information on how well the company utilizes its resources to generate profits.
What strategic measures can Rimini Street take to improve ROA?
To improve ROA, Rimini Street can take measures such as cost savings, revenue growth, optimizing asset structure, and diversifying its business activities. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic measures to improve ROA.
How much dividend does Rimini Street pay?
Over the past 12 months, Rimini Street paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, Rimini Street is expected to pay a dividend of 0 USD.
What is the dividend yield of Rimini Street?
The current dividend yield of Rimini Street is .
When does Rimini Street pay dividends?
Rimini Street pays a quarterly dividend. This is distributed in the months of .
How secure is the dividend of Rimini Street?
Rimini Street paid dividends every year for the past 0 years.
What is the dividend of Rimini Street?
For the upcoming 12 months, dividends amounting to 0 USD are expected. This corresponds to a dividend yield of 0 %.
In which sector is Rimini Street located?
Rimini Street is assigned to the 'Information technology' sector.
Wann musste ich die Aktien von Rimini Street kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Rimini Street from 7/28/2024 amounting to 0 USD, you needed to have the stock in your portfolio before the ex-date on 7/28/2024.
When did Rimini Street pay the last dividend?
The last dividend was paid out on 7/28/2024.
What was the dividend of Rimini Street in the year 2023?
In the year 2023, Rimini Street distributed 0 USD as dividends.
In which currency does Rimini Street pay out the dividend?
The dividends of Rimini Street are distributed in USD.
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Andere Kennzahlen von Rimini Street
Our stock analysis for Rimini Street Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Rimini Street Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
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