Impinj Inc (PI)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 364,871 | 342,903 | 311,497 | 293,777 | 302,856 | 309,132 | 312,899 | 287,164 | 254,853 | 231,051 | 208,634 | 196,812 | 189,633 | 173,091 | 155,260 | 133,625 | 135,412 | 141,389 | 154,427 | 166,613 |
| Property, plant and equipment | US$ in thousands | 50,610 | 49,908 | 47,209 | 47,451 | 44,891 | 44,923 | 45,077 | 41,800 | 39,027 | 31,121 | 28,726 | 29,133 | 27,500 | 28,638 | 26,306 | 20,797 | 16,531 | 16,365 | 16,294 | 16,923 |
| Fixed asset turnover | 7.21 | 6.87 | 6.60 | 6.19 | 6.75 | 6.88 | 6.94 | 6.87 | 6.53 | 7.42 | 7.26 | 6.76 | 6.90 | 6.04 | 5.90 | 6.43 | 8.19 | 8.64 | 9.48 | 9.85 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $364,871K ÷ $50,610K
= 7.21
Impinj Inc's fixed asset turnover ratio has shown a declining trend over the last few years, indicating a decrease in the company's efficiency in generating sales revenue from its investment in fixed assets. The ratio decreased from 9.85 in March 2020 to 7.21 in December 2024.
A high fixed asset turnover ratio is generally preferred as it suggests that the company is effectively utilizing its fixed assets to generate revenue. However, the decreasing trend in Impinj Inc's fixed asset turnover may raise concerns about the company's asset management and operational efficiency.
Further analysis of the factors contributing to the decline in the fixed asset turnover ratio, such as changes in the company's sales levels, asset utilization, or fixed asset investments, would be necessary to gain a deeper understanding of Impinj Inc's financial performance and efficiency in managing its fixed assets.
Peer comparison
Dec 31, 2024