Impinj Inc (PI)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 5.33 | 5.75 | 4.95 | 5.51 | 6.38 | 5.31 | 4.71 | 5.10 | 5.68 | 5.20 | 5.11 | 5.35 | 6.40 | 5.98 | 5.68 | 5.42 | 7.97 | 9.99 | 5.93 | 6.43 | |
| DSO | days | 68.53 | 63.49 | 73.78 | 66.19 | 57.24 | 68.76 | 77.49 | 71.60 | 64.24 | 70.20 | 71.46 | 68.23 | 57.03 | 61.07 | 64.20 | 67.40 | 45.77 | 36.53 | 61.57 | 56.74 |
September 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.33
= 68.53
The Days of Sales Outstanding (DSO) for Impinj Inc have shown fluctuations over the past several quarters. DSO is a measure of the average number of days it takes for a company to collect revenue after a sale is made.
In the most recent quarter, ending September 30, 2024, the DSO was 68.53 days. This indicates that, on average, Impinj takes around 68.53 days to collect its sales revenue. Compared to the previous quarter, the DSO has increased from 63.49 days to 68.53 days, which suggests that the company may be taking longer to collect its accounts receivable.
Looking further back, the DSO has varied between periods, with some quarters showing lower DSO values and others higher. For example, in the quarter ending December 31, 2019, the DSO was significantly lower at 36.53 days, indicating a more efficient collection process compared to the most recent quarters.
Analyzing trends in DSO can provide insights into the company's credit and collection policies, efficiency in managing accounts receivable, and potential liquidity issues. A consistent or decreasing trend in DSO is generally favorable as it indicates efficient collections, while a rising trend could raise concerns about the company's cash flow and working capital management. Careful monitoring and analysis of DSO trends are essential for evaluating a company's financial health and operational efficiency.
Peer comparison
Sep 30, 2024