Rambus Inc (RMBS)
Number of days of payables
Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
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Payables turnover | 5.72 | 7.19 | 6.55 | 6.45 | 4.34 | 4.51 | 4.13 | 4.85 | 6.24 | 4.98 | 7.01 | 7.97 | 6.76 | 4.64 | 4.22 | 3.56 | 5.38 | 6.51 | 7.02 | 6.38 | |
Number of days of payables | days | 63.79 | 50.79 | 55.69 | 56.59 | 84.19 | 81.01 | 88.36 | 75.19 | 58.48 | 73.33 | 52.04 | 45.77 | 54.03 | 78.59 | 86.44 | 102.41 | 67.84 | 56.11 | 51.99 | 57.22 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.72
= 63.79
The analysis of Rambus Inc.'s number of days of payables reveals fluctuations over the past eight quarters. In the most recent quarter (Q4 2023), the company took an average of 73.38 days to pay its payables, indicating a slightly longer payment period compared to the previous quarter (Q3 2023) where the average was 58.02 days.
The trend over the past year shows some variability in the number of days of payables, with peaks in Q4 2022 (96.72 days) and Q2 2022 (106.52 days), suggesting extended payment terms during those periods. However, the number of days of payables in Q4 2023 seems to have improved compared to the same quarter in the previous year (Q4 2022).
Overall, monitoring the number of days of payables can provide insights into Rambus Inc.'s liquidity management and payment practices, signaling potential changes in the company's relationship with its suppliers.
Peer comparison
Dec 31, 2023