Impinj Inc (PI)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 13.14 | 16.87 | 27.68 | 30.30 | 23.21 | 8.96 | 6.17 | 8.12 | 14.21 | 17.61 | 18.41 | 13.93 | 18.56 | 13.61 | 15.64 | 13.55 | 16.06 | 32.01 | 21.42 | 21.71 | |
| Number of days of payables | days | 27.78 | 21.64 | 13.19 | 12.04 | 15.73 | 40.72 | 59.13 | 44.96 | 25.68 | 20.73 | 19.82 | 26.19 | 19.66 | 26.83 | 23.34 | 26.95 | 22.72 | 11.40 | 17.04 | 16.81 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.14
= 27.78
Impinj Inc's number of days of payables fluctuated over the past few quarters, reflecting changes in its payment practices to suppliers. The company took an average of 27.78 days to pay its bills as of September 30, 2024. This figure has increased from the previous quarter's 21.64 days but is still higher than the levels observed at the end of 2023 and the beginning of 2024. Notably, there was a significant decrease in the number of days of payables from March 31, 2024, to December 31, 2023, indicating a more efficient payment process during that period. Overall, analyzing this ratio provides insights into Impinj's working capital management and relationships with its suppliers.
Peer comparison
Sep 30, 2024