Impinj Inc (PI)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 188,855 | 176,503 | 159,702 | 146,000 | 151,982 | 158,280 | 164,947 | 152,635 | 137,884 | 126,899 | 112,477 | 105,752 | 98,954 | 87,185 | 77,544 | 65,727 | 65,140 | 67,658 | 74,067 | 79,523 |
| 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 |
| Gross profit margin | 51.76% | 51.47% | 51.27% | 49.70% | 50.18% | 51.20% | 52.72% | 53.15% | 54.10% | 54.92% | 53.91% | 53.73% | 52.18% | 50.37% | 49.94% | 49.19% | 48.11% | 47.85% | 47.96% | 47.73% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $188,855K ÷ $364,871K
= 51.76%
Impinj Inc has shown a fluctuating trend in its gross profit margin over the years. The margin increased from 47.73% as of March 31, 2020, to a peak of 54.92% on September 30, 2022, indicating an improvement in the company's ability to generate profits from its core business activities.
However, there was a slight decline in the gross profit margin in the subsequent periods, reaching 50.18% by December 31, 2023. This suggests potential challenges or changes in the company's cost structure or pricing strategies.
The margin further decreased to 49.70% as of March 31, 2024, but then increased to 51.76% by December 31, 2024. This indicates some volatility in the company's profitability, which may warrant further investigation into the factors impacting its gross profit margin.
Overall, while there have been fluctuations, Impinj Inc has managed to maintain relatively healthy gross profit margins, which is a positive indicator of its profitability and operational efficiency. Further monitoring of this metric will be important to assess the company's ongoing performance and competitiveness in the market.
Peer comparison
Dec 31, 2024