Impinj Inc (PI)
Total asset 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 |
| Total assets | US$ in thousands | 489,080 | 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 |
| Total asset turnover | 0.75 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $364,871K ÷ $489,080K
= 0.75
Total asset turnover is a key financial ratio that measures a company's efficiency in generating sales revenue from its total assets. A higher total asset turnover indicates more effective asset utilization.
Analyzing Impinj Inc's total asset turnover over the last few years, we observe fluctuations in the ratio. From March 2020 to June 2021, the total asset turnover declined from 0.76 to 0.73, showing a decrease in efficiency in utilizing assets to generate sales. However, there was a slight improvement in the ratio in the following quarters, reaching 0.82 by September 2021.
Towards the end of 2021 and into 2022, there was a decline in the total asset turnover ratio, dropping to as low as 0.60 by December 2021. This suggests a potential decrease in sales generated relative to the total assets held by the company during that period.
From March 2023 onwards, the total asset turnover started to improve again, reaching 0.84 by December 2023, indicating better asset utilization and potentially increased revenue generation efficiency. However, the ratio fluctuated around this level in the following quarters, showing some variability in the company's asset efficiency.
Overall, the total asset turnover ratio for Impinj Inc has shown fluctuations over the analyzed period, with both improvements and declines in asset utilization efficiency. Monitoring this ratio over time can provide insights into the company's operational performance and efficiency in converting assets into revenue.
Peer comparison
Dec 31, 2024