Impinj Inc (PI)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 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 | 74,002 |
| Revenue (ttm) | US$ in thousands | 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 | 152,691 |
| Gross profit margin | 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% | 48.47% |
September 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $176,503K ÷ $342,903K
= 51.47%
Impinj Inc's gross profit margin has shown some fluctuations over the past few quarters, ranging from a low of 47.73% in March 2020 to a high of 54.92% in September 2022. The trend in the gross profit margin indicates some variability but generally a stable performance over time.
The company's gross profit margin has been mostly above 50% in recent quarters, suggesting that Impinj is able to effectively manage its cost of goods sold and generate a reasonable profit on its products. It is important to note that while the gross profit margin is healthy, it is also necessary to assess other financial metrics and performance indicators to get a complete picture of the company's overall financial health.
Peer comparison
Sep 30, 2024