Progyny Inc (PGNY)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | |
| DOH | days | — | — | — | — | — |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
Based on the provided data, it appears that information regarding Progyny Inc's days of inventory on hand (DOH) is not available for the years 2019 to 2023. The absence of specific data on DOH makes it challenging to assess the efficiency of Progyny's inventory management over this period.
Analyzing DOH is crucial in evaluating how effectively a company manages its inventory levels. A low DOH typically indicates that a company is efficient in turning its inventory into sales, while a high DOH may suggest slower inventory turnover or potentially obsolete inventory.
Without the specific DOH figures for Progyny Inc, it is not possible to determine the trend in inventory management efficiency or compare it to industry benchmarks. In order to gain insights into Progyny's inventory management effectiveness, it would be necessary to obtain the missing data points and conduct a detailed analysis of the trends over time.
Peer comparison
Dec 31, 2023