• Impinj average return on tangible equity for 2023 was -382.24, a 458.31% decline from 2022.
• Impinj average return on tangible equity for 2022 was 106.68, a 273.58% decline from 2021.
• Impinj average return on tangible equity for 2021 was -61.46, a 85.29% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.