Impinj Inc (PI)
Total asset 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 |
| Total assets | US$ in thousands | 476,447 | 446,087 | 413,883 | 359,409 | 363,601 | 383,546 | 372,651 | 349,737 | 327,789 | 304,408 | 316,942 | 315,537 | 210,393 | 211,422 | 214,492 | 207,616 | 200,082 | 211,283 | 218,207 | 215,046 |
| Total asset turnover | 0.72 | 0.70 | 0.71 | 0.84 | 0.85 | 0.82 | 0.77 | 0.73 | 0.70 | 0.69 | 0.62 | 0.60 | 0.82 | 0.73 | 0.62 | 0.65 | 0.71 | 0.73 | 0.76 | 0.71 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $342,903K ÷ $476,447K
= 0.72
Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its assets. Impinj Inc's total asset turnover has shown some fluctuation over the past few years, ranging from 0.60 to 0.85.
The ratio has generally stayed within the range of 0.60 to 0.85, which indicates that the company has been able to effectively utilize its assets to generate revenue. A higher total asset turnover ratio is generally preferred as it suggests that the company is efficiently using its assets to generate sales.
There was a peak in the total asset turnover ratio at 0.85 in December 2023, which implies that the company generated $0.85 in sales for every dollar of assets it had during that period. This could indicate a period of high efficiency in asset utilization.
However, the ratio has experienced some fluctuations, with a decrease in March 2022 to 0.62 and a subsequent increase to 0.82 in September 2022. These fluctuations may indicate changes in the company's operations or market conditions during those periods.
Overall, the trend of Impinj Inc's total asset turnover ratio suggests that the company has been fairly efficient in generating sales revenue from its assets, although there have been some variations in performance over the analyzed periods.
Peer comparison
Sep 30, 2024