Impinj Inc (PI)

Activity ratios

Short-term

Turnover ratios

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
Inventory turnover 3.05 3.20 2.97 2.70 2.39 2.20 2.64 4.38 5.90 5.55 5.31 7.44 8.50 6.03 4.90 3.78 3.64 3.86 4.55 3.56
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
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
Working capital turnover — 7.91 1.01 1.27 1.29 1.34 1.15 1.09 1.02 0.98 0.94 0.86 3.10 2.68 2.17 0.94 0.98 1.02 1.03 0.97

Impinj Inc's activity ratios provide insights into how efficiently the company manages its assets and liabilities to generate sales.

1. Inventory turnover: This ratio indicates how many times the company's inventory is sold and replaced over a period. Impinj's inventory turnover has shown variability, ranging from 2.20 to 8.50 over the past several quarters. A higher inventory turnover is generally preferred as it signals efficient management of inventory levels. Impinj's inventory turnover has fluctuated but seems to have improved in recent quarters.

2. Receivables turnover: This ratio reflects how quickly the company collects outstanding receivables. Impinj's receivables turnover has also displayed fluctuations from 4.71 to 9.99 over the analyzed periods. A higher receivables turnover indicates effective credit and collection policies. The company's receivables turnover has been inconsistent but generally within a reasonable range.

3. Payables turnover: This ratio shows how quickly the company pays its suppliers for credit purchases. Impinj's payables turnover has varied significantly, ranging from 6.17 to 32.01, reflecting changes in payment terms with suppliers. A higher payables turnover suggests a shorter payment period, potentially benefiting the company's cash flow. Impinj's payables turnover has shown significant movement over time.

4. Working capital turnover: This ratio measures how effectively the company utilizes its working capital to generate sales. Unfortunately, the working capital turnover data is missing for some quarters, making it challenging to provide a holistic analysis of this ratio. However, the available data indicates fluctuations in the efficiency of working capital utilization by Impinj.

In conclusion, Impinj Inc's activity ratios suggest varying levels of efficiency in managing its assets and liabilities to support sales generation. The company shows areas of improvement and volatility in its operational efficiency, which could be further analyzed for better financial performance.

Average number of days

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
Days of inventory on hand (DOH) days 119.72 114.20 122.92 135.14 152.49 165.54 138.21 83.35 61.88 65.78 68.73 49.03 42.95 60.49 74.47 96.50 100.40 94.54 80.20 102.53
Days of sales outstanding (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
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

Days of Inventory on Hand (DOH): Impinj Inc's inventory turnover has been fluctuating over the past five years, ranging from a high of 165.54 days to a low of 42.95 days. Currently, the company holds inventory for an average of 119.72 days. This indicates that Impinj is taking longer to turn its inventory into sales, which may lead to increased carrying costs and potential obsolescence risks.

Days of Sales Outstanding (DSO): The company's accounts receivable turnover has varied significantly, with a high of 77.49 days and a low of 36.53 days over the past five years. Currently, Impinj takes an average of 68.53 days to collect its receivables, indicating that the collection process might need improvement. A high DSO could impact the company's cash flow and liquidity position.

Number of Days of Payables: Impinj's accounts payable turnover has been inconsistent, with a high of 59.13 days and a low of 11.40 days in the last five years. The company currently takes 27.78 days on average to pay its suppliers. A longer payable period may indicate a favorable working capital position, but it could strain supplier relationships if extended too far. Impinj appears to have been managing its payables efficiently in recent periods.

Long-term

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
Fixed asset turnover 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 8.75
Total asset turnover 0.72 0.70 0.71 0.84 0.85 0.82 0.77 0.73 0.70 0.69 0.62 0.60 0.82 0.73 0.62 0.65 0.71 0.73 0.76 0.71

The fixed asset turnover ratio for Impinj Inc has shown consistency with a range between 5.90 to 9.85 over the past few years. This ratio indicates that the company generates sales revenue efficiently relative to its investment in fixed assets, with a higher ratio implying better utilization of fixed assets.

On the other hand, the total asset turnover ratio fluctuates between 0.60 to 0.85, indicating varying levels of efficiency in generating sales revenue relative to total assets. A lower total asset turnover may suggest underutilization of assets or difficulty in converting assets into sales, while a higher ratio generally signifies better efficiency.

It is essential for Impinj Inc to monitor and analyze these ratios consistently to ensure optimal asset utilization and revenue generation. Additionally, any significant deviations or trends in these ratios should be further investigated to identify potential operational or financial performance challenges or opportunities for improvement.