Rambus Inc (RMBS)

Total asset 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
Total assets	US$ in thousands	1,258,230	1,184,330	1,127,120	962,630	1,012,590	969,056	1,110,910	1,060,880	1,232,650	1,202,670	1,152,980	1,235,780	1,251,410	1,309,020	1,316,650	1,325,390	1,338,990	1,301,630	1,312,160	1,321,420
Total asset turnover		0.37	0.39	0.42	0.49	0.45	0.44	0.35	0.34	0.27	0.25	0.24	0.20	0.20	0.19	0.19	0.18	0.17	0.18	0.18	0.17

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $461,117K ÷ $1,258,230K
= 0.37

Rambus Inc.'s total asset turnover has shown fluctuating trends over the past eight quarters. The total asset turnover ratio measures how efficiently the company is utilizing its assets to generate revenue. A higher ratio indicates better asset utilization.

In the most recent quarter (Q4 2023), the total asset turnover ratio was 0.37, the lowest among the reported quarters. This suggests that for every dollar of assets the company holds, it generated $0.37 in revenue.

The highest total asset turnover ratio was recorded in Q1 2023 at 0.49, indicating more efficient asset utilization during that period.

Overall, the total asset turnover ratios have varied between 0.34 and 0.49, with the company experiencing ups and downs in asset efficiency. Further analysis would be needed to understand the factors driving these fluctuations and to assess the company's overall performance and asset management strategies.