Impinj Inc (PI)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 30.30 | 8.12 | 13.93 | 13.55 | 24.29 | |
| Number of days of payables | days | 12.04 | 44.96 | 26.19 | 26.95 | 15.02 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 30.30
= 12.04
The number of days of payables for Impinj Inc has fluctuated over the past five years. On December 31, 2023, the company had 12.04 days of payables, indicating that, on average, it takes approximately 12 days for Impinj to pay its suppliers. This represents a significant improvement from the previous year when the number of days of payables was 44.96 days on December 31, 2022, suggesting that the company has become more efficient in managing its accounts payable.
Compared to the years 2021 and 2020, where the number of days of payables stood at 26.19 days and 26.95 days respectively, the current level of 12.04 days reflects a notable decrease, demonstrating a trend towards faster payment cycles. In 2019, the number of days of payables was 15.02 days, slightly higher compared to the most recent year.
Overall, the decreasing trend in the number of days of payables indicates that Impinj Inc has been able to improve its working capital management by paying its suppliers more promptly in recent years. This can positively impact the company's relationships with suppliers, enhance its financial stability, and potentially improve its creditworthiness.
Peer comparison
Dec 31, 2023