Impinj Inc (PI)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 40,995 | 28,692 | 12,307 | -6,059 | -43,688 | -28,659 | -14,877 | -17,991 | -24,117 | -44,107 | -54,828 | -52,145 | -51,107 | -46,828 | -48,263 | -56,910 | -51,834 | -43,755 | -33,428 | -20,047 |
| 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 |
| Pretax margin | 11.24% | 8.37% | 3.95% | -2.06% | -14.43% | -9.27% | -4.75% | -6.27% | -9.46% | -19.09% | -26.28% | -26.49% | -26.95% | -27.05% | -31.09% | -42.59% | -38.28% | -30.95% | -21.65% | -12.03% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $40,995K ÷ $364,871K
= 11.24%
Impinj Inc's pretax margin, a key profitability ratio that measures the company's ability to generate earnings before taxes as a percentage of its total revenue, has shown significant fluctuations over the provided periods.
The pretax margin experienced a negative trend from March 31, 2020, to March 31, 2024, starting at -12.03% and reaching a low of -42.59% in March 31, 2021. However, there was a notable improvement in the margin starting in June 30, 2024, where it turned positive at 3.95%, and steadily increased to 11.24% by December 31, 2024.
The negative pretax margins indicate that, during those periods, Impinj Inc was operating at a loss before accounting for taxes. The improvement in the latter periods suggests that the company managed to enhance its operational efficiency and profitability.
Overall, monitoring the pretax margin is crucial for understanding Impinj Inc's ability to control costs, manage expenses, and ultimately generate profits.
Peer comparison
Dec 31, 2024