Impinj Inc (PI)
Days of inventory on hand (DOH)
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.76 | 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 | |
| DOH | days | 132.18 | 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 |
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 past few years. Starting at 80.20 days as of March 31, 2020, the DOH increased to 100.40 days by September 30, 2020, before decreasing to 42.95 days by September 30, 2021. This indicates improved inventory management efficiency during this period.
However, the DOH experienced a subsequent increase to 165.54 days by June 30, 2023, and further rose to 152.49 days by September 30, 2023. This suggests potential challenges in managing inventory levels efficiently, which could result in higher carrying costs and potential obsolescence risks.
By December 31, 2024, the DOH had decreased to 132.18 days, showing a slight improvement in inventory management compared to the peak levels seen in mid-2023. Overall, Impinj Inc may need to focus on optimizing its inventory turnover to ensure the efficient use of working capital and minimize potential risks associated with excess inventory levels.
Peer comparison
Dec 31, 2024