Progyny Inc (PGNY)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 8.18 | 7.43 | 7.01 | 5.73 | 6.99 | 6.53 | 6.47 | 6.26 | 7.63 | 7.93 | 7.68 | 6.45 | 7.73 | 7.13 | 8.32 | ||||
| Number of days of payables | days | 44.60 | 49.11 | 52.05 | 63.68 | 52.24 | 55.89 | 56.42 | 58.29 | 47.86 | 46.01 | 47.51 | 56.61 | 47.23 | 51.16 | 43.87 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.18
= 44.60
The number of days of payables for Progyny Inc has shown some fluctuation over the past eight quarters. In Q4 2023, the number of days of payables decreased to 53.87 days compared to the previous quarter, Q3 2023, where it was 59.75 days. This suggests that the company took fewer days to pay its suppliers and vendors in the most recent quarter.
Looking back further, in Q4 2022, the number of days of payables was 64.38 days, indicating an improvement in the efficiency of payables management in Q4 2023 compared to the same quarter of the previous year.
Overall, it is observed that the number of days of payables has been gradually decreasing over the past few quarters, which could indicate that Progyny Inc is managing its payables more effectively and may be negotiating better payment terms with its suppliers. This could potentially result in improved cash flow and liquidity for the company. However, the company should continue to monitor and optimize its payables management to ensure sustainable financial health.
Peer comparison
Dec 31, 2023