Impinj Inc (PI)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 364,871 | 342,903 | 311,497 | 293,777 | 302,856 | 309,132 | 312,899 | 287,164 | 254,853 | 231,051 | 208,634 | 196,812 | 189,633 | 173,091 | 155,260 | 133,625 | 135,412 | 141,389 | 154,427 | 166,613 |
| Receivables | US$ in thousands | 56,802 | 64,378 | 54,181 | 59,384 | 54,919 | 48,482 | 58,945 | 60,966 | 49,996 | 40,667 | 40,128 | 38,533 | 35,449 | 27,045 | 25,976 | 23,505 | 25,003 | 17,730 | 15,454 | 28,106 |
| 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $364,871K ÷ $56,802K
= 6.42
The receivables turnover ratio for Impinj Inc has fluctuated over the given time period. It indicates how efficiently the company is collecting its accounts receivables. A higher turnover ratio generally signifies quicker collection of receivables.
Looking at the data, we can see that the receivables turnover ratio ranged from a low of 4.71 on March 31, 2023, to a high of 9.99 on June 30, 2020. The fluctuation in the ratio suggests varying collection efficiency over time.
Overall, the trend shows a general decrease in the receivables turnover ratio from June 30, 2020, to December 31, 2024. This decline could indicate potential issues with collecting accounts receivables efficiently or a change in the company's credit policies.
It would be important for stakeholders to further investigate the reasons behind the fluctuations in the receivables turnover ratio to assess the effectiveness of Impinj Inc's accounts receivables management and financial health.
Peer comparison
Dec 31, 2024