Impinj Inc (PI)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -43,484 | -19,479 | -37,249 | -47,071 | -21,661 |
| Total assets | US$ in thousands | 359,409 | 349,737 | 315,537 | 207,616 | 215,046 |
| Operating ROA | -12.10% | -5.57% | -11.80% | -22.67% | -10.07% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $-43,484K ÷ $359,409K
= -12.10%
Impinj Inc's operating return on assets (operating ROA) has fluctuated over the past five years. The company experienced a significant improvement in its operating ROA in 2022 compared to 2021. However, in 2023, the operating ROA deteriorated significantly, dropping to -12.10%. This negative figure indicates that the company's operating income generated from its assets was insufficient to cover its operating expenses.
Overall, Impinj Inc's operating ROA has been volatile, with periods of improvement followed by declines. It is important for the company to focus on effectively managing its assets to generate higher operating income and improve its operating ROA in the future.
Peer comparison
Dec 31, 2023