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.