Impinj Inc (PI)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 302,856 | 254,853 | 189,633 | 135,412 | 152,262 |
| Receivables | US$ in thousands | 54,919 | 49,996 | 35,449 | 25,003 | 23,735 |
| Receivables turnover | 5.51 | 5.10 | 5.35 | 5.42 | 6.42 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $302,856K ÷ $54,919K
= 5.51
The analysis of Impinj Inc's receivables turnover ratio over the past five years reveals a consistent trend indicating the efficiency of the company in collecting outstanding receivables from its customers. The receivables turnover ratio has remained relatively stable within the range of 5.10 to 6.42, with a slight decrease in 2023 compared to the previous year.
A higher receivables turnover ratio signifies that the company is collecting its accounts receivable more frequently throughout the year, indicating efficient management of credit sales and timely collection efforts. In contrast, a lower ratio may suggest a longer collection period, potential credit risks, or difficulties in collecting outstanding receivables.
Overall, Impinj Inc's consistent receivables turnover ratio indicates effective credit management practices and a proactive approach in collecting outstanding receivables, which may positively impact the company's cash flow and working capital management.
Peer comparison
Dec 31, 2023