Impinj Inc (PI)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 152,691 |
| Receivables | US$ in thousands | 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 | 23,735 |
| 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 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $342,903K ÷ $64,378K
= 5.33
The receivables turnover for Impinj Inc has shown fluctuations over the recent quarters, ranging from a low of 4.71 to a high of 9.99. The average receivables turnover in the most recent quarter was 5.33, indicating that the company collected its outstanding receivables approximately 5.33 times during the period.
A higher receivables turnover ratio implies that the company is efficient in collecting payments from customers, while a lower ratio may indicate possible issues in collecting receivables promptly. The trend of the receivables turnover ratio for Impinj Inc has generally been stable, with occasional variations suggesting some changes in the company's collection efficiency.
Overall, it is important for Impinj Inc to monitor its receivables turnover closely to ensure timely collection of outstanding invoices and maintain a healthy cash flow position. Further analysis of the underlying factors driving these fluctuations in the ratio could provide valuable insights into the effectiveness of the company's credit and collection policies.
Peer comparison
Sep 30, 2024