Impinj Inc (PI)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 2.76 | 2.70 | 4.38 | 7.44 | 3.78 | |
| DOH | days | 132.18 | 135.14 | 83.35 | 49.03 | 96.50 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.76
= 132.18
The days of inventory on hand (DOH) for Impinj Inc have shown fluctuations over the years. As of December 31, 2020, the company held inventory for an average of 96.50 days before being sold. By December 31, 2021, this metric decreased significantly to 49.03 days, indicating a more efficient management of inventory levels. However, by December 31, 2022, the DOH increased to 83.35 days, suggesting a potential build-up of inventory relative to sales.
Subsequently, the DOH surged to 135.14 days by December 31, 2023, marking a substantial increase in the time it takes for inventory to be turned into sales. This trend continued as of December 31, 2024, with the DOH at 132.18 days, indicating a potential challenge in inventory management efficiency.
Overall, the fluctuating trend in the DOH for Impinj Inc raises questions about inventory management practices and the company's ability to optimize inventory levels to support sales and profitability effectively. Further analysis and comparison with industry benchmarks would be beneficial to understand the implications of these changes.
Peer comparison
Dec 31, 2024