Impinj Inc (PI)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -18,295 | -33,360 | -50,775 | -43,484 | -28,589 | -14,499 | -14,606 | -19,479 | -27,223 | -37,851 | -37,692 | -37,249 | -43,947 | -44,595 | -52,548 | -47,071 | -39,506 | -30,394 | -18,124 | -21,661 |
| 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 |
| Operating profit margin | -5.34% | -10.71% | -17.28% | -14.36% | -9.25% | -4.63% | -5.09% | -7.64% | -11.78% | -18.14% | -19.15% | -19.64% | -25.39% | -28.72% | -39.32% | -34.76% | -27.94% | -19.68% | -10.88% | -14.19% |
September 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-18,295K ÷ $342,903K
= -5.34%
Impinj Inc's operating profit margin has fluctuated over the past few years, with a trend of generally negative margins. The operating profit margin indicates the efficiency of the company in generating profit from its core operations.
The data shows that the operating profit margin has been negative in most periods, indicating that the company's operating expenses have exceeded its gross profit. The margin reached its lowest point of -39.32% in March 2021, showing significant challenges in controlling costs relative to revenue during that period.
Although there have been improvements in certain quarters, such as in September 2023 and December 2023, where the margin was -9.25% and -14.36% respectively, the overall trend remains on the negative side. This consistent pattern of negative operating profit margins suggests that Impinj Inc may be facing difficulties in managing its operating expenses effectively, which could impact its overall profitability.
As an analyst, it would be important to further investigate the factors contributing to the fluctuating operating profit margins and assess the company's strategies to improve cost efficiency and enhance profitability in the future.
Peer comparison
Sep 30, 2024