Impinj Inc (PI)
Working capital 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 current assets | US$ in thousands | 326,398 | 269,696 | 275,170 | 255,802 | 171,364 |
| Total current liabilities | US$ in thousands | 331,177 | 30,880 | 42,369 | 35,503 | 27,593 |
| Working capital turnover | — | 1.27 | 1.09 | 0.86 | 0.94 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $366,087K ÷ ($326,398K – $331,177K)
= —
The working capital turnover ratio for Impinj Inc has shown some fluctuation over the years. In 2020, the ratio was 0.94, indicating that the company generated $0.94 in net sales for every dollar of working capital invested. In 2021, the ratio decreased to 0.86, suggesting a slight decrease in efficiency in utilizing working capital to generate sales.
However, in 2022, there was a notable improvement as the ratio increased to 1.09, implying that the company generated $1.09 in net sales for each dollar of working capital. This improvement continued in 2023, with the ratio further increasing to 1.27, indicating that Impinj Inc became more efficient in its working capital management, turning its working capital more frequently to generate sales.
Unfortunately, the data for 2024 is not available, denoted by the dash symbol. Overall, the trend of increasing working capital turnover ratio from 2020 to 2023 suggests that the company has been effectively managing its working capital to drive sales efficiently.
Peer comparison
Dec 31, 2024