The Australian driver finished the Italian GP in P4, with his team-mate Hulkenberg holding onto P5 ahead of Alex Albon.
Renault delivered on the impressive pace they showed in qualifying and Ricciardo believes the R.S.19 was worthy of its finishing positions.
“I think today, the VSC gave us a little bit of a buffer, and a bit of comfort and we could kind of cruise till the end,” Ricciardo told reporters at Monza.
“But I really believe we were a fourth-place car today. Obviously, Seb gave us a bit of help. I saw he spun, I don’t know if he had a problem. But once we were in fourth, I felt we definitely had that pace.
“We’re coming up to different circuits – high-downforce Singapore, street circuit, bumpy and whatever.
“But even though this is unique, it’s Monza and you take all the wing off, I definitely think there’s still something we can learn from this.”
The result propels the team to P5 in the Constructors’ standings, and Ricciardo says it’s a huge statement from the team going forward, paying tribute to those who work on the power unit specifically.
“I want to give a special shout-out – obviously I’m happy for the whole team, but to the boys in Viry, building the engines,” he added.
“I think to get the best team result here in Monza on a power circuit since 2008 is a real statement.
“They’ve copped a lot of grief in the last few years and they’ve made some big gains this year on the power unit, so this one’s for them.”
Despite not being able to keep up with his team-mate, Hulkenberg too enjoyed an excellent result in what has been a disappointing season for the German.
“We knew we were on good form and in good shape for here,” he said.
“We delivered, we rewarded ourselves with I think the most points we’ve ever scored since I’ve been in the team at least.
“Pace was good, operational-wise everything was good and fine. It feels great after a difficult year to finally have a really good weekend.”