Impinj Inc (PI)
Total asset 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 |
| Total assets | US$ in thousands | 489,080 | 359,409 | 349,737 | 315,537 | 207,616 |
| Total asset turnover | 0.75 | 0.84 | 0.73 | 0.60 | 0.65 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $366,087K ÷ $489,080K
= 0.75
The total asset turnover ratio for Impinj Inc has shown fluctuations over the years. In December 31, 2020, the total asset turnover was 0.65, indicating that the company generated $0.65 in revenue for every dollar of assets. This ratio decreased to 0.60 in December 31, 2021, suggesting a slight decrease in efficiency in utilizing its assets to generate revenue.
However, there was a significant improvement in the total asset turnover ratio in December 31, 2022, reaching 0.73, and further increasing to 0.84 in December 31, 2023. These increases indicate that the company became more efficient in generating revenue relative to its total assets during these years.
Subsequently, there was a slight decline in the total asset turnover ratio to 0.75 in December 31, 2024. Overall, the trend in the total asset turnover ratio for Impinj Inc shows variability but generally indicates an improvement in asset utilization efficiency over the years, barring a slight decline in the latest period.
Peer comparison
Dec 31, 2024