Rambus Inc (RMBS)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 556,624 | 461,117 | 454,793 | 328,304 | 246,322 |
| Receivables | US$ in thousands | 147,883 | 133,797 | 181,066 | 179,673 | 166,716 |
| Receivables turnover | 3.76 | 3.45 | 2.51 | 1.83 | 1.48 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $556,624K ÷ $147,883K
= 3.76
The receivables turnover for Rambus Inc has been showing a positive trend over the past five years, indicating an improvement in the management of accounts receivables.
In December 31, 2020, the receivables turnover ratio was 1.48 times, which means that the company collected its accounts receivables approximately 1.48 times during that year. This ratio increased to 1.83 in December 31, 2021, showing a steady improvement.
The trend continued in the following years with the receivables turnover ratio reaching 2.51 in December 31, 2022, 3.45 in December 31, 2023, and 3.76 in December 31, 2024.
The increasing trend in the receivables turnover ratio indicates that Rambus Inc has been able to collect its accounts receivables more efficiently over the years, which is a positive sign of effective credit management and potential liquidity improvement.
Peer comparison
Dec 31, 2024