Impinj Inc (PI)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 2.70 | 4.38 | 7.44 | 3.78 | 3.98 | |
| DOH | days | 135.14 | 83.35 | 49.03 | 96.50 | 91.63 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.70
= 135.14
The days of inventory on hand (DOH) for Impinj Inc have exhibited fluctuations over the past five years. In 2023, the DOH increased to 135.14 days, marking a significant rise compared to the previous year's 83.35 days. This substantial increase may indicate potential issues with managing and turning over inventory efficiently.
Compared to 2021 and 2019, where the DOH was 49.03 days and 91.63 days respectively, the DOH in 2023 appears notably high. This suggests a potential buildup of inventory levels relative to sales, which could lead to increased holding costs and potential obsolescence risks.
In 2020, the DOH was 96.50 days, showing a similar trend of elevated inventory holding relative to sales as seen in 2023. It is essential for Impinj Inc to monitor and manage its inventory effectively to ensure optimal levels that support operational efficiency and profitability.
Peer comparison
Dec 31, 2023