Progyny Inc (PGNY)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	1,165,810	1,091,910	787,727	501,082	344,979
Property, plant and equipment	US$ in thousands	12,383	10,213	8,371	5,027	3,400
Fixed asset turnover		94.15	106.91	94.10	99.68	101.46

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,165,810K ÷ $12,383K
= 94.15

The fixed asset turnover ratio of Progyny Inc has been relatively high over the past five years, ranging from 94.10 to 106.91. This indicates that the company efficiently generates revenue from its fixed assets. A high fixed asset turnover ratio suggests that Progyny Inc is effectively utilizing its fixed assets to generate sales. It is important for investors and stakeholders to monitor this ratio over time to ensure that the company continues to efficiently utilize its fixed assets to drive revenue and maintain profitability.

Peer comparison

Dec 31, 2024

Company name

Symbol

Fixed asset turnover

Progyny Inc

PGNY

94.15

DaVita HealthCare Partners Inc