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.


Peer comparison

Dec 31, 2023