Progyny Inc (PGNY)

Fixed asset turnover

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
Revenue (ttm) US$ in thousands 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 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 3,673 3,083 973
Fixed asset turnover 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, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,091,902K ÷ $10,213K
= 106.91

The fixed asset turnover ratio for Progyny Inc has been consistently high, ranging from 94.00 to 106.59 over the past eight quarters. This indicates that the company is generating significant sales revenue relative to its investment in fixed assets, such as property, plant, and equipment. A high fixed asset turnover ratio is generally seen as positive, suggesting that Progyny is efficiently utilizing its fixed assets to generate sales. The relatively stable and strong performance of this ratio over time demonstrates the company's ability to effectively manage and leverage its fixed assets to drive revenue generation. Overall, the consistent high fixed asset turnover ratio reflects positively on Progyny's operational efficiency and asset management strategies.


Peer comparison

Dec 31, 2023

Company name
Symbol
Fixed asset turnover
Progyny Inc
PGNY
106.91
DaVita HealthCare Partners Inc
DVA
3.95
Sotera Health Co
SHC
1.11