Impinj Inc (PI)
Days of inventory on hand (DOH)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.05 | 3.20 | 2.97 | 2.70 | 2.39 | 2.20 | 2.64 | 4.38 | 5.90 | 5.55 | 5.31 | 7.44 | 8.50 | 6.03 | 4.90 | 3.78 | 3.64 | 3.86 | 4.55 | 3.56 | |
| DOH | days | 119.72 | 114.20 | 122.92 | 135.14 | 152.49 | 165.54 | 138.21 | 83.35 | 61.88 | 65.78 | 68.73 | 49.03 | 42.95 | 60.49 | 74.47 | 96.50 | 100.40 | 94.54 | 80.20 | 102.53 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.05
= 119.72
Impinj Inc's days of inventory on hand (DOH) has varied over the past few years, ranging from a low of 42.95 days as of December 31, 2021, to a high of 165.54 days as of June 30, 2023. The trend in DOH appears to be fluctuating, with fluctuations observed in several reporting periods.
A high DOH value may indicate that Impinj Inc is maintaining excess inventory levels, potentially leading to increased storage costs and a higher risk of inventory obsolescence. On the other hand, a low DOH value may suggest efficient inventory management, minimizing carrying costs and reducing the risk of obsolete inventory.
It is essential for Impinj Inc to monitor and manage its inventory levels effectively to strike a balance between meeting customer demand and controlling costs. Analyzing the reasons behind the fluctuations in DOH and implementing appropriate inventory management strategies could help optimize the company's working capital and enhance overall operational efficiency.
Peer comparison
Sep 30, 2024