Impinj (Impinj) Inventory Turnover

: 0.36 (As of Dec. 2023)

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Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Impinj's Cost of Goods Sold for the three months ended in Dec. 2023 was $36.8 Mil. Impinj's Average Total Inventories for the quarter that ended in Dec. 2023 was $102.0 Mil. Impinj's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Impinj's Days Inventory for the three months ended in Dec. 2023 was 253.02.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Impinj's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.44.

Impinj Inventory Turnover Historical Data

The historical data trend for Impinj's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Impinj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.00

2.09

3.13

3.51

2.17

Impinj Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.93	0.64	0.43	0.31	0.36

Impinj Inventory Turnover Calculation

Impinj's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	155.557	/ (	(46.397	+	97.172)	/	2 )
=	155.557	/	71.7845
=	2.17

Impinj's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	36.781	/ (	(106.806	+	97.172)	/	2 )
=	36.781	/	101.989
=	0.36

Impinj (NAS:PI) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Impinj's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	101.989	/	36.781	*	365 / 4
	=	253.02

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Impinj's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	101.989	/	70.651
	=	1.44

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Impinj Inventory Turnover Related Terms

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Impinj (Impinj) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Impinj Inc (NAS:PI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

27J:Germany 27J:Germany

Address

400 Fairview Avenue North, Suite 1200, Seattle, WA, USA, 98109

Website

https://www.impinj.com

Impinj Inc operates a platform that enables wireless connectivity to everyday items by delivering each item's identity, location, and authenticity to business and consumer applications. Its platform includes endpoint integrated circuits (ICs) product, a miniature radios-on-a-chip, which attach to and identify their host items; and connectivity layer that comprises readers, gateways, and reader ICs to wirelessly identify, locate, authenticate, and engage endpoints via RAIN, as well as provide power to and communicate bidirectionally with endpoint ICs. Geographically, the company has a business presence in the Americas, Asia Pacific, Europe, Middle East and Africa, of which key revenue is derived from the operations in the Asia Pacific region.

Executives

Hussein Mecklai	officer: Chief Operating Officer	400 FAIRVIEW AVENUE NORTH, SUITE 1200, SEATTLE WA 98109
Cary Baker	officer: Chief Financial Officer	1501 FIRST AVENUE SOUTH, SUITE 600, SEATTLE WA 98134
Jeffrey Dossett	officer: EVP, Sales & Marketing	400 FAIRVIEW AVE. N, SUITE 1200, SEATTLE WA 98109
Diorio Chris Ph.d.	director, officer: Chief Executive Officer	400 FAIRVIEW AVENUE NORTH, SUITE 1200, SEATTLE WA 98109
Sylebra Capital Ltd	10 percent owner	28 HENNESSY ROAD, 20TH FLOOR, WAN CHAI, HONG KONG K3 00000
Cathal G Phelan	director	400 FAIRVIEW AVENUE NORTH, SUITE 1200, SEATTLE WA 98109
Steve Sanghi	director	2355 W CHANDLER BLVD, CHANDLER AZ 85224-6199
Miron Washington	director	400 FAIRVIEW AVENUE NORTH, SUITE 1200, SEATTLE WA 98109
Gregory Sessler	director	400 FAIRVIEW AVENUE NORTH, SUITE 1200, SEATTLE WA 98109
Meera Rao	director	1050 ENTERPRISE WAY, SUITE 700, SUNNYVALE CA 94089
Van Oppen Peter H	director	P O BOX 97057, REDMOND WA 98073-9757
Umesh Padval	director	BESSEMER VENTURE PARTNERS, 535 MIDDLEFIELD ROAD, SUITE 245, MENLO PARK CA 94025
Daniel Patrick Gibson	director, 10 percent owner	400 FAIRVIEW AVENUE NORTH, SUITE 1200, SEATTLE WA 98109
Denise Masters	officer: VP Accounting	400 FAIRVIEW AVENUE NORTH, SUITE 1200, SEATTLE WA 98109
Eric Brodersen	officer: President and COO	400 FAIRVIEW AVENUE NORTH, SUITE 1200, SEATTLE WA 98109