Progyny Inc (PGNY)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 11.56 | 8.23 | 7.00 | 8.01 | 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 | 31.56 | 44.37 | 52.16 | 45.57 | 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, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.56
= 31.56
Progyny Inc's number of days of payables has fluctuated over the periods provided. The metric indicates the average number of days the company takes to pay its suppliers or vendors for the goods and services it has purchased on credit.
From June 30, 2020, to December 31, 2022, the number of days of payables ranged from approximately 43.87 days to 58.29 days, showing some variability in the company's payment practices. There was an increase in the number of days of payables from March 31, 2021, to March 31, 2022, with a peak of 63.68 days before decreasing slightly by December 31, 2022.
Subsequently, there was a decrease in the number of days of payables by December 31, 2023, reaching 44.60 days, followed by a further decline to 31.56 days by December 31, 2024. This downward trend suggests that Progyny Inc may have improved its efficiency in managing payables, potentially by negotiating better payment terms with suppliers or enhancing internal processes.
Overall, Progyny Inc's number of days of payables demonstrates variability and trends that should be further assessed in conjunction with other financial metrics to gain a comprehensive understanding of the company's liquidity management and supplier relationships.
Peer comparison
Dec 31, 2024