Impinj Inc (PI)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 40,838 | 28,348 | 12,365 | -5,664 | -43,366 | -28,304 | -14,741 | -18,198 | -24,301 | -44,197 | -54,922 | -52,305 | -51,260 | -46,963 | -48,385 | -57,013 | -51,923 | -43,886 | -33,621 | -20,245 |
| Total assets | US$ in thousands | 489,080 | 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 |
| ROA | 8.35% | 5.95% | 2.77% | -1.37% | -12.07% | -7.78% | -3.84% | -4.88% | -6.95% | -13.48% | -18.04% | -16.50% | -16.25% | -22.32% | -22.89% | -26.58% | -25.01% | -21.93% | -15.91% | -9.28% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $40,838K ÷ $489,080K
= 8.35%
The Return on Assets (ROA) of Impinj Inc has shown a fluctuating trend over the past few years. The ROA was negative for most of the periods, indicating that the company's assets were not generating sufficient profits.
From March 31, 2020, to September 30, 2021, the ROA consistently decreased, reaching a low of -26.58% as of March 31, 2021. This downward trend suggests that the company's asset utilization and profitability were declining during this period.
However, starting from June 30, 2022, the ROA began to improve, moving from negative to positive values. The ROA increased gradually, with a significant improvement observed from September 30, 2023, onwards.
By the end of December 31, 2024, the ROA had reached a positive value of 8.35%, indicating that the company's profitability in relation to its assets had improved notably compared to previous periods.
Overall, the analysis suggests that Impinj Inc's performance in utilizing its assets to generate profits has shown a positive turnaround in the recent quarters, signifying potential improvements in operational efficiency and financial health.
Peer comparison
Dec 31, 2024