Impinj Inc (PI)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 136,099 | 116,972 | 85,923 | 34,131 | 34,800 | 36,795 | 26,621 | 15,591 | 2,061 | -11,259 | -6,289 | -11,076 | 89,278 | 88,771 | 86,375 | 109,119 | 109,428 | 116,250 | 128,219 | 125,239 |
| ROE | 20.83% | 10.57% | -6.59% | -127.06% | -81.33% | -40.06% | -68.36% | -155.87% | -2,144.44% | — | — | — | -52.60% | -54.51% | -66.01% | -47.58% | -40.10% | -28.92% | -15.79% | -18.35% |
September 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $28,348K ÷ $136,099K
= 20.83%
Impinj Inc's return on equity (ROE) has fluctuated significantly over the periods provided.
The ROE for Sep 30, 2024, shows a relatively healthy performance at 20.83%, indicating that the company generated a profit of 20.83% for each dollar of shareholders' equity during that period. This is an improvement compared to the previous quarter at 10.57%.
However, there are instances of negative ROE which may raise concerns. For instance, the ROE for Dec 31, 2023, and Mar 31, 2024, were -127.06% and -6.59%, respectively. These negative ROEs suggest that the company's net income was insufficient to cover shareholders' equity, indicating potential financial distress or operational inefficiencies during those periods.
The significant negative ROE of -2,144.44% for Sep 30, 2022, is an alarming figure, suggesting a substantial loss in relation to equity. This could be attributed to various factors such as poor financial management, a substantial decline in net income, or balance sheet fluctuations.
It is important to note that a negative ROE means the company is generating a loss rather than a profit. Investors and stakeholders should carefully evaluate the reasons behind the negative ROE periods to assess the company's financial health and sustainability.
Peer comparison
Sep 30, 2024