Impinj Inc (PI)
Cash conversion cycle
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 119.72 | 114.20 | 122.92 | 135.14 | 152.49 | 165.54 | 138.21 | 83.35 | 61.88 | 65.78 | 68.73 | 49.03 | 42.95 | 60.49 | 74.47 | 96.50 | 100.40 | 94.54 | 80.20 | 102.53 |
| Days of sales outstanding (DSO) | days | 68.53 | 63.49 | 73.78 | 66.19 | 57.24 | 68.76 | 77.49 | 71.60 | 64.24 | 70.20 | 71.46 | 68.23 | 57.03 | 61.07 | 64.20 | 67.40 | 45.77 | 36.53 | 61.57 | 56.74 |
| Number of days of payables | days | 27.78 | 21.64 | 13.19 | 12.04 | 15.73 | 40.72 | 59.13 | 44.96 | 25.68 | 20.73 | 19.82 | 26.19 | 19.66 | 26.83 | 23.34 | 26.95 | 22.72 | 11.40 | 17.04 | 16.81 |
| Cash conversion cycle | days | 160.46 | 156.04 | 183.51 | 189.28 | 194.00 | 193.59 | 156.57 | 110.00 | 100.44 | 115.25 | 120.37 | 91.06 | 80.32 | 94.74 | 115.33 | 136.95 | 123.44 | 119.66 | 124.74 | 142.45 |
September 30, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 119.72 + 68.53 – 27.78
= 160.46
The cash conversion cycle of Impinj Inc has shown fluctuations over the past several quarters. In the most recent quarter, ending September 30, 2024, the company's cash conversion cycle was 160.46 days, indicating it takes approximately 160 days for the company to convert its investments in inventory and accounts receivable into cash.
Compared to the previous quarter, the cash conversion cycle improved slightly from 156.04 days to 160.46 days, suggesting a more efficient management of working capital. However, when compared to the same quarter in the prior year, there has been an increase in the cash conversion cycle from 119.66 days to 160.46 days, indicating potential challenges in converting investments into cash within a reasonable time frame.
Overall, it is important for Impinj Inc to continue monitoring and managing its cash conversion cycle effectively to ensure optimal utilization of resources and maintain liquidity levels.
Peer comparison
Sep 30, 2024