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