Progyny Inc (PGNY)

Days of sales outstanding (DSO)

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 Sep 30, 2019
Receivables turnover 3.80 3.26 3.09 2.41 2.78 2.16 2.32 2.40 3.17 2.96 2.71 2.76 3.75 3.00 3.70
DSO days 95.93 112.08 118.07 151.16 131.12 168.69 157.31 151.92 115.28 123.26 134.88 132.28 97.41 121.65 98.55

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 3.80
= 95.93

To analyze Progyny Inc's Days Sales Outstanding (DSO) performance, we observe a declining trend over the past four quarters. DSO decreased from 134.52 days in Q3 2022 to 81.10 days in Q4 2023, indicating the company is collecting its accounts receivable more efficiently. This improvement suggests that Progyny is managing its sales and collections processes effectively or providing more favorable credit terms to customers.

However, it is noteworthy that there was a spike in DSO in Q1 2023 to 130.95 days, which may have been an anomaly or could indicate potential issues in collections during that quarter. It's essential for Progyny to monitor any fluctuations in DSO closely to ensure timely collections and maintain healthy cash flows.

Overall, the decreasing trend in DSO is a positive sign, reflecting improved efficiency in receivables management for Progyny Inc.


Peer comparison

Dec 31, 2023