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