Impinj Inc (PI)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 34,131 | 15,591 | -11,076 | 109,119 | 125,239 |
| ROE | -127.06% | -155.87% | — | -47.58% | -18.35% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $-43,366K ÷ $34,131K
= -127.06%
Impinj Inc's return on equity (ROE) has displayed significant fluctuations over the past five years. The company's ROE was negative in four out of the five years, with the most recent ROE of -127.06% in 2023. This indicates that the company has generated losses exceeding its shareholders' equity in those periods. The ROE worsened from -18.35% in 2019 to -155.87% in 2022, reflecting deteriorating profitability and efficiency over this period.
The negative ROE values suggest that Impinj Inc has struggled to utilize its shareholders' equity effectively to generate profits. A negative ROE can be a concerning indicator for investors, as it implies a lack of profitability and efficiency in the company's operations. It is essential for the company to address the underlying issues contributing to the negative ROE to improve its financial performance and value creation for shareholders.
Peer comparison
Dec 31, 2023