Impinj Inc (PI)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -43,366 | -24,301 | -51,260 | -51,923 | -22,987 |
| Total assets | US$ in thousands | 359,409 | 349,737 | 315,537 | 207,616 | 215,046 |
| ROA | -12.07% | -6.95% | -16.25% | -25.01% | -10.69% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-43,366K ÷ $359,409K
= -12.07%
Impinj Inc's return on assets (ROA) has shown fluctuations over the past five years. The ROA was negative in all years, indicating that the company's assets did not generate sufficient profits during those periods.
In 2020, Impinj Inc's ROA was the lowest at -25.01%, which suggests that the company's assets were not efficiently utilized to generate profits. The following year, in 2021, the ROA improved slightly to -16.25%, but remained significantly negative.
In 2022, there was a further improvement in ROA to -6.95%, indicating a better utilization of assets compared to the previous years. However, in 2023, the ROA deteriorated to -12.07%, reflecting a decrease in profitability relative to the previous year.
Overall, Impinj Inc's ROA has been negative and volatile, indicating challenges in effectively utilizing its assets to generate profits. Further analysis of the company's financial and operational performance is warranted to understand the underlying reasons for these fluctuations in ROA.
Peer comparison
Dec 31, 2023