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