how to calculate the speed of memory

I checked my Mac, it shows the memory is 16 GB 2400 Mhz, does it mean that the bandwidth is $$\dfrac{16\times1024}{8} \times 2400$$, is there any thing wrong with that calculation, because the value seems a little incredible, I am new to this kind of computer science, hope someone can help me. Thank You

• Can you edit the question to show your reasoning for multiple and dividing numbers in that way? That might help us give you a more useful answer. It might also help if you told us in a little more detail what you mean by "speed of memory", i.e., what you want to measure. – D.W. Dec 5 '20 at 8:34
• Are my socks any faster when I put them into a bigger drawer? – greybeard Dec 6 '20 at 11:23