Impinj Inc (PI)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 33,559 | 17,168 | -1,204 | -38,840 | -23,819 | -10,045 | -13,120 | -19,194 | -39,417 | -50,817 | -48,859 | -48,557 | -43,860 | -44,461 | -52,284 | -46,421 | -39,203 | -29,823 | -17,370 | -20,995 |
| Long-term debt | US$ in thousands | 0 | 0 | 282,262 | 281,855 | 281,449 | 281,046 | 280,644 | 280,244 | 279,846 | 279,449 | 279,054 | 278,661 | — | — | — | 54,556 | 53,595 | 52,669 | 51,755 | 50,876 |
| 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 |
| Return on total capital | 24.66% | 14.68% | -0.33% | -12.29% | -7.53% | -3.16% | -4.27% | -6.49% | -13.98% | -18.95% | -17.91% | -18.15% | -49.13% | -50.09% | -60.53% | -28.36% | -24.05% | -17.66% | -9.65% | -11.92% |
September 30, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $33,559K ÷ ($0K + $136,099K)
= 24.66%
Impinj Inc's return on total capital has fluctuated over the periods listed. The return on total capital was positive in most recent periods, ranging from 24.66% in September 2024 to -60.53% in March 2021. The negative returns recorded in some periods indicate that the company's capital investments did not generate sufficient profits to cover the cost of capital. However, the positive returns in the more recent periods suggest an improvement in the company's ability to generate returns on its invested capital. Overall, monitoring the trend in return on total capital is crucial for assessing how effectively Impinj Inc is utilizing its capital to create value for its investors.
Peer comparison
Sep 30, 2024