Rambus Inc (RMBS)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 5.94 | 5.72 | 4.34 | 6.24 | 6.76 | |
| Number of days of payables | days | 61.40 | 63.79 | 84.19 | 58.48 | 54.03 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.94
= 61.40
The number of days of payables, which measures how long it takes for a company to pay its suppliers, for Rambus Inc has shown fluctuations over the past five years.
As of December 31, 2020, Rambus Inc took approximately 54.03 days on average to settle its payables. This figure increased to 58.48 days by December 31, 2021, indicating a slight elongation in the payment cycle.
The trend shifted notably by December 31, 2022, when the number of days of payables surged to 84.19 days. This significant increase may raise concerns about the company's liquidity management and supplier relationships.
However, by December 31, 2023, there was a decrease in the number of days of payables to 63.79 days, suggesting potential efforts to optimize payment terms and manage cash flow more effectively.
As of the most recent data point on December 31, 2024, the number of days of payables stood at 61.40 days, indicating a slight improvement compared to the previous year.
Overall, monitoring the number of days of payables is essential for assessing Rambus Inc's ability to maintain healthy relationships with suppliers, manage working capital efficiently, and ensure operational sustainability.
Peer comparison
Dec 31, 2024