Impinj Inc (PI)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 5.51 | 5.10 | 5.35 | 5.42 | 6.42 | |
| DSO | days | 66.19 | 71.60 | 68.23 | 67.40 | 56.90 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.51
= 66.19
The Days Sales Outstanding (DSO) ratio for Impinj Inc has shown relatively stable performance over the past five years, ranging from 56.90 days at the end of 2019 to 71.60 days at the end of 2022.
The DSO ratio measures the average number of days it takes for a company to collect its accounts receivable. A lower DSO indicates that the company is collecting payments from its customers more quickly, which is generally a positive sign of efficient receivables management. On the contrary, a higher DSO may suggest that the company is facing challenges in collecting payments promptly.
In the case of Impinj Inc, the DSO has fluctuated within a relatively narrow range, with the highest value of 71.60 days in 2022 and the lowest value of 56.90 days in 2019. This indicates that the company has been able to maintain a consistent pace in collecting payments from customers over the years. However, it would be important to delve deeper into the company's specific industry dynamics and customer base to fully understand the implications of the DSO ratio on its overall financial health and operational efficiency.
Peer comparison
Dec 31, 2023