Progyny Inc (PGNY)
Days of sales outstanding (DSO)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 4.13 | 3.80 | 2.78 | 3.17 | 3.75 | |
| DSO | days | 88.39 | 95.93 | 131.12 | 115.28 | 97.41 |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.13
= 88.39
The Days Sales Outstanding (DSO) for Progyny Inc has exhibited some fluctuations over the years based on the provided data.
- As of December 31, 2020, the DSO stood at 97.41 days. This indicates that on average, it took the company about 97.41 days to collect its accounts receivable from customers.
- By December 31, 2021, the DSO had increased to 115.28 days, suggesting a slowing in the collection of receivables compared to the previous year.
- The trend continued in 2022, with the DSO climbing further to 131.12 days, signifying a prolonged collection period for the company.
- However, there was a notable improvement by December 31, 2023, as the DSO decreased to 95.93 days, indicating a more efficient collection process compared to the previous year.
- Subsequently, by December 31, 2024, the DSO decreased even further to 88.39 days, reflecting a continued improvement in the company's receivables collection efficiency.
Overall, the DSO trend for Progyny Inc shows variability over the years, with periods of both increase and decrease. The company may have implemented strategies to manage its receivables more effectively, leading to fluctuations in the DSO metric. It is important for the company to monitor and analyze DSO regularly to ensure optimal cash flow management and improve overall financial performance.
Peer comparison
Dec 31, 2024