Impinj Inc (PI)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | -22,987 |
| 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 |
| ROA | 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% | -10.69% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $28,348K ÷ $476,447K
= 5.95%
The return on assets (ROA) for Impinj Inc has shown significant fluctuations over the past 20 quarters. The ROA has ranged from a low of -26.58% in March 2021 to a high of 5.95% in September 2024.
There seems to be a trend of improvement in the ROA over the more recent quarters, with positive ROA figures recorded in the last few quarters. This indicates that the company has been able to generate more profit relative to its assets in these periods.
Overall, the company's ROA has been volatile, with periods of negative returns followed by periods of positive returns. It would be important to further investigate the factors contributing to these fluctuations to understand the company's performance and profitability.
Peer comparison
Sep 30, 2024