Impinj Inc (PI)

Activity ratios

Short-term

Turnover ratios

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
Inventory turnover 2.76 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
Receivables turnover 6.42 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
Payables turnover 15.90 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
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

Impinj Inc's inventory turnover ratio has been relatively stable over the past few years, ranging from 2.20 to 8.50. A higher inventory turnover signifies that the company is effectively managing its inventory levels and converting them into sales more efficiently.

The receivables turnover ratio for Impinj Inc has also remained consistent, with values ranging between 4.71 and 9.99. This ratio indicates how quickly the company is collecting outstanding receivables from its customers. A higher receivables turnover implies that the company is collecting cash from credit sales in a timely manner.

On the other hand, the payables turnover ratio for Impinj Inc has shown some variations, with values fluctuating between 6.17 and 32.01. This ratio reflects how efficiently the company is managing its trade payables by paying its suppliers. A lower payables turnover could suggest that the company is taking longer to pay its suppliers.

The working capital turnover ratio for Impinj Inc has also displayed fluctuations, with values ranging from 0.86 to 7.91. This ratio measures how effectively the company is utilizing its working capital to generate sales revenue. A higher working capital turnover indicates that the company is efficiently utilizing its resources to generate sales.

Overall, analyzing these activity ratios provides insights into how efficiently Impinj Inc is managing its inventory, receivables, payables, and working capital to support its operations and revenue generation.

Average number of days

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
Days of inventory on hand (DOH) days 132.18 119.72 114.20 122.92 135.14 152.49 165.54 138.21 83.35 61.88 65.78 68.73 49.03 42.95 60.49 74.47 96.50 100.40 94.54 80.20
Days of sales outstanding (DSO) days 56.82 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
Number of days of payables days 22.96 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

Impinj Inc's activity ratios provide insight into how efficiently the company manages its inventory, sales, and payables.

1. Days of Inventory on Hand (DOH): This ratio measures how many days on average it takes for the company to sell its inventory. Impinj experienced fluctuations in its DOH over the analyzed period, ranging from a low of 42.95 days in September 2021 to a high of 165.54 days in June 2023. A higher DOH indicates slower inventory turnover, which may lead to increased holding costs and obsolete inventory risks.

2. Days of Sales Outstanding (DSO): DSO represents the average number of days it takes for the company to collect payment after making a sale. Impinj's DSO varied throughout the period, with values ranging from 36.53 days in June 2020 to 77.49 days in March 2023. A lower DSO is favorable as it reflects faster cash collection and better liquidity management.

3. Number of Days of Payables: This ratio indicates how long, on average, the company takes to pay its suppliers. Impinj's payables days ranged from a low of 11.40 days in June 2020 to a high of 59.13 days in March 2023. A longer payable period suggests the company is taking longer to settle its obligations, potentially indicating cash flow constraints or strained supplier relationships.

Analyzing these activity ratios collectively can provide a comprehensive view of Impinj's operational efficiency and working capital management. Monitoring these ratios over time can help identify trends and potential areas for improvement in inventory control, receivables management, and payment strategies.

Long-term

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
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
Total asset turnover 0.75 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

The fixed asset turnover ratio of Impinj Inc has been consistently declining, indicating a decrease in the efficiency of generating sales from fixed assets over the years. However, the ratio has shown some fluctuation but generally remained above 6, suggesting that the company is still able to generate a decent level of sales from its fixed assets.

On the other hand, the total asset turnover ratio of Impinj Inc has shown a mixed trend over the period under consideration. Initially, the ratio decreased but later showed signs of improvement. The ratio indicates the company's ability to generate sales from all of its assets, and a higher ratio signifies better asset utilization.

Overall, despite the declining trend in fixed asset turnover, the total asset turnover has shown some improvement, which could indicate better overall efficiency in utilizing both fixed and total assets to generate sales for Impinj Inc.