Impinj Inc (PI)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 476,447 | 446,087 | 413,883 | 359,409 | 363,601 | 383,546 | 372,651 | 349,737 | 327,789 | 304,408 | 316,942 | 315,537 | 210,393 | 211,422 | 214,492 | 207,616 | 200,082 | 211,283 | 218,207 | 215,046 |
| Operating ROA | -3.84% | -7.48% | -12.27% | -12.10% | -7.86% | -3.78% | -3.92% | -5.57% | -8.31% | -12.43% | -11.89% | -11.80% | -20.89% | -21.09% | -24.50% | -22.67% | -19.74% | -14.39% | -8.31% | -10.07% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-18,295K ÷ $476,447K
= -3.84%
Impinj Inc's operating return on assets (operating ROA) has shown a decline over the past eight quarters, ranging from -3.78% to -24.50%. The negative values indicate that the company's operating income generated from its assets has been insufficient to cover the total assets in each period. This trend suggests that Impinj Inc may be facing challenges in generating profits from its operational activities relative to the size of its asset base.
The consistent negative operating ROA figures point to potential inefficiencies in utilizing the company's assets to generate operating income. It is crucial for Impinj Inc to assess and address the underlying factors contributing to the declining operating ROA, such as inefficient operations, low profitability margins, or high asset turnover ratios.
Overall, the analysis of Impinj Inc's operating ROA highlights the importance of closely monitoring the company's operational efficiency and profitability to improve performance and ensure sustainable growth in the future.
Peer comparison
Sep 30, 2024