Impinj Inc (PI)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 40,838 | -43,366 | -24,301 | -51,260 | -51,923 |
| Total assets | US$ in thousands | 489,080 | 359,409 | 349,737 | 315,537 | 207,616 |
| ROA | 8.35% | -12.07% | -6.95% | -16.25% | -25.01% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $40,838K ÷ $489,080K
= 8.35%
Impinj Inc's return on assets (ROA) has shown a notable fluctuation over the analyzed period. The ROA was negative in the initial years, with percentages of -25.01% in December 2020, -16.25% in December 2021, and -6.95% in December 2022. This indicates that the company was not efficiently utilizing its assets to generate profits during those periods.
However, there was a turnaround in December 2024, with the ROA surging to 8.35%. This positive ROA figure suggests that Impinj Inc significantly improved its profitability relative to its total assets at the end of 2024. It is crucial for the company to maintain or further enhance this trend to sustain profitability and asset utilization efficiency in the future.
Peer comparison
Dec 31, 2024