Impinj Inc (PI)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 151,982 | 137,884 | 98,954 | 65,140 | 74,002 |
| Revenue | US$ in thousands | 302,856 | 254,853 | 189,633 | 135,412 | 152,262 |
| Gross profit margin | 50.18% | 54.10% | 52.18% | 48.11% | 48.60% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $151,982K ÷ $302,856K
= 50.18%
Impinj Inc's gross profit margin has exhibited some fluctuation over the past five years. The margin decreased from 48.60% in 2019 to 48.11% in 2020 before rebounding to 52.18% in 2021. However, there was a slight decline in 2022 to 54.10% but then dropped more significantly to 50.18% in 2023.
This downward trend in the gross profit margin may indicate potential challenges in managing production costs or pricing strategies that affect the company's profitability. It is important to closely monitor and analyze the factors contributing to these fluctuations to ensure sustainable and profitable operations.
Peer comparison
Dec 31, 2023