Impinj Inc (PI)
Working capital 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 current assets | US$ in thousands | 326,398 | 329,087 | 358,318 | 324,405 | 269,696 | 272,963 | 283,623 | 305,154 | 275,170 | 259,950 | 239,077 | 242,556 | 255,802 | 163,060 | 165,673 | 173,729 | 171,364 | 164,171 | 175,237 | 180,980 |
| Total current liabilities | US$ in thousands | 331,177 | 331,095 | 318,922 | 34,443 | 30,880 | 33,758 | 50,878 | 54,604 | 42,369 | 33,635 | 25,333 | 32,642 | 35,503 | 107,215 | 107,706 | 112,185 | 27,593 | 19,583 | 24,449 | 19,664 |
| Working capital turnover | — | — | 7.91 | 1.01 | 1.27 | 1.29 | 1.34 | 1.15 | 1.09 | 1.02 | 0.98 | 0.94 | 0.86 | 3.10 | 2.68 | 2.17 | 0.94 | 0.98 | 1.02 | 1.03 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $364,871K ÷ ($326,398K – $331,177K)
= —
The working capital turnover of Impinj Inc has fluctuated over the past few years. Starting at around 1 in March 2020, it decreased slightly by June 2020 and further declined by September 2020 and December 2020. However, there was a significant improvement in the working capital turnover in March 2021, which continued to increase rapidly through June 2021 and September 2021. By December 2021, the working capital turnover dropped substantially.
The trend continued through March 2022, June 2022, and September 2022, where the working capital turnover remained relatively stable. There was a slight increase by December 2022, and further improvements were seen in March 2023 and June 2023. However, by September 2023 and December 2023, the working capital turnover decreased slightly. In March 2024, there was a slight recovery, but a significant spike was observed by June 2024, reaching 7.91, indicating a substantial increase in efficiency in utilizing working capital.
Unfortunately, the data for September 2024 and December 2024 is not available. Overall, the working capital turnover of Impinj Inc has shown fluctuations but with some periods of notable improvement, indicating varying efficiency in managing working capital during the analyzed period.
Peer comparison
Dec 31, 2024