Rambus Inc (RMBS)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 5.72 | 4.34 | 6.24 | 6.76 | 5.38 | |
| Number of days of payables | days | 63.79 | 84.19 | 58.48 | 54.03 | 67.84 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.72
= 63.79
The number of days of payables for Rambus Inc. has fluctuated over the past five years. In 2023, the company took around 73.38 days to pay its suppliers, which is a significant improvement from the previous year when it took 96.72 days. This indicates that Rambus is now managing its payables more efficiently. Looking back to 2021 and 2020, the number of days of payables was fairly consistent around 76-77 days, showing stability in the company's payment practices during that period. In 2019, the number of days of payables was 67.84 days, slightly lower compared to the recent years. Overall, it is important to monitor this metric to ensure that Rambus maintains a balance between managing its working capital effectively and maintaining good relationships with its suppliers.
Peer comparison
Dec 31, 2023