Impinj Inc (PI)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 366,087 | 302,856 | 254,853 | 189,633 | 135,412 |
| Receivables | US$ in thousands | 56,802 | 54,919 | 49,996 | 35,449 | 25,003 |
| Receivables turnover | 6.44 | 5.51 | 5.10 | 5.35 | 5.42 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $366,087K ÷ $56,802K
= 6.44
The receivables turnover ratio for Impinj Inc has shown relatively stable performance over the past five years. The ratio decreased slightly from 5.42 in December 31, 2020, to 5.35 in December 31, 2021, and further declined to 5.10 in December 31, 2022. However, there was a noticeable improvement in December 31, 2023, with the ratio increasing to 5.51, and a significant increase to 6.44 in December 31, 2024.
This trend indicates that the company has been effectively managing its receivables in recent years, with a slight hiccup in 2022 but a notable rebound in subsequent years. A higher receivables turnover ratio suggests that the company is collecting its accounts receivable more efficiently, which can positively impact its cash flow and overall financial health. Overall, the improving trend in the receivables turnover ratio reflects positively on Impinj Inc's ability to efficiently convert its accounts receivable into cash.
Peer comparison
Dec 31, 2024