Progyny Inc (PGNY)
Days of sales outstanding (DSO)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 4.14 | 3.35 | 3.07 | 3.07 | 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 | 88.24 | 108.92 | 119.04 | 118.93 | 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, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.14
= 88.24
The Days Sales Outstanding (DSO) metric for Progyny Inc has fluctuated over the years based on the provided data. DSO represents the average number of days it takes for a company to collect revenue after a sale is made.
From June 2020 to December 2021, the DSO remained relatively stable, ranging between 97.41 days to 134.88 days. This indicates that Progyny was able to collect revenue within a consistent timeframe during this period.
However, there was a significant increase in DSO in the subsequent quarters, reaching a peak of 168.69 days by September 2022. This prolonged collection period may signal potential issues with accounts receivable management or delayed payments from customers, impacting the company's cash flow.
Subsequently, Progyny managed to reduce its DSO from December 2022 to September 2024, achieving a low of 88.24 days by December 2024. This improvement suggests more efficient collection processes or better credit control measures, contributing to enhanced cash flow management.
Overall, it is crucial for Progyny Inc to closely monitor its DSO trend to ensure timely collection of revenues, maintain healthy cash flow, and sustain financial stability in the long run.
Peer comparison
Dec 31, 2024