Progyny Inc (PGNY)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.57 | 8.18 | 6.99 | 7.64 | 7.76 | |
| Number of days of payables | days | 31.56 | 44.60 | 52.21 | 47.80 | 47.03 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.57
= 31.56
The number of days of payables for Progyny Inc has shown some fluctuations over the years based on the provided data. From December 31, 2020, to December 31, 2024, there has been a general trend of decreasing days of payables, indicating that the company is taking less time to pay its creditors.
Specifically, the number of days of payables was 47.03 days on December 31, 2020, and slightly increased to 47.80 days by December 31, 2021. However, by December 31, 2022, the days of payables increased further to 52.21 days but decreased significantly to 44.60 days by December 31, 2023. The trend continued with a notable decrease to 31.56 days by December 31, 2024.
Overall, the decreasing trend in the number of days of payables over the years may indicate more efficient management of the company's payables, potentially improving cash flow and working capital management.
Peer comparison
Dec 31, 2024