Rambus Inc (RMBS)

Receivables turnover

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
Revenue (ttm) US$ in thousands 461,117 461,259 468,205 469,505 454,793 424,207 393,245 356,972 328,304 298,436 274,069 250,927 246,322 246,144 248,416 244,996 227,603 234,431 231,022 224,549
Receivables US$ in thousands 133,797 129,353 158,482 159,843 181,066 180,584 210,294 182,980 179,673 184,955 183,276 173,666 166,716 174,366 190,646 216,406 228,405 221,544 206,122 214,097
Receivables turnover 3.45 3.57 2.95 2.94 2.51 2.35 1.87 1.95 1.83 1.61 1.50 1.44 1.48 1.41 1.30 1.13 1.00 1.06 1.12 1.05

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $461,117K ÷ $133,797K
= 3.45

The receivables turnover ratio for Rambus Inc. has shown an increasing trend over the past eight quarters, indicating a more efficient management of accounts receivable. In Q4 2023, the receivables turnover was 3.45, slightly lower compared to the previous quarter's 3.57. This might suggest that the company took slightly longer to collect its accounts receivable in Q4 2023.

However, when compared to the same quarter in the previous year (Q4 2022), the receivables turnover has significantly improved from 2.51 to 3.45 in Q4 2023, indicating a more effective collection of receivables. Overall, the trend suggests that Rambus Inc. has been improving its efficiency in collecting outstanding receivables.

It is essential to track the receivables turnover ratio over time to assess the effectiveness of the company's credit policies and collection efforts. A higher receivables turnover ratio signifies that the company is efficiently collecting outstanding receivables, while a decreasing ratio may indicate potential issues with credit risk management or collection procedures.


Peer comparison

Dec 31, 2023