Progyny Inc (PGNY)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,167,818 | 1,140,069 | 1,135,369 | 1,111,361 | 1,091,902 | 1,036,101 | 959,749 | 874,714 | 787,727 | 700,482 | 617,337 | 551,196 | 501,082 | 473,730 | 450,213 | 385,920 | 344,979 | 309,953 | 272,210 |
| Property, plant and equipment | US$ in thousands | 12,383 | 11,928 | 10,637 | 10,234 | 10,213 | 9,716 | 9,497 | 8,883 | 8,371 | 7,201 | 6,276 | 5,827 | 5,027 | 4,702 | 3,931 | 3,583 | 3,400 | 3,506 | 3,604 |
| Fixed asset turnover | 94.31 | 95.58 | 106.74 | 108.59 | 106.91 | 106.64 | 101.06 | 98.47 | 94.10 | 97.28 | 98.36 | 94.59 | 99.68 | 100.75 | 114.53 | 107.71 | 101.46 | 88.41 | 75.53 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,167,818K ÷ $12,383K
= 94.31
The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. A higher ratio indicates better asset utilization.
Analyzing the fixed asset turnover of Progyny Inc over the provided periods, we observe a general increasing trend from June 30, 2020, to March 31, 2023, indicating improved efficiency in generating revenue from its fixed assets. The ratio saw a notable increase from 75.53 on June 30, 2020, to 108.59 on March 31, 2024.
However, after March 31, 2023, there seems to be a slight decline in the fixed asset turnover ratio, reaching 94.31 on December 31, 2024. This suggests that Progyny Inc may be experiencing challenges in efficiently utilizing its fixed assets to generate revenue in the most recent periods.
Overall, while the company showed significant improvement in its fixed asset turnover in the earlier periods, the recent declining trend raises a flag, necessitating further investigation into the factors influencing this change in asset utilization efficiency.
Peer comparison
Dec 31, 2024