Progyny Inc (PGNY)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,099,766 | 1,073,262 | 1,061,797 | 1,042,586 | 1,026,414 | 981,289 | 912,703 | 834,680 | 763,572 | 680,298 | 599,401 | 530,230 | 468,281 | 439,680 | 420,028 | 369,458 | 336,297 | 301,135 | 265,695 |
| Payables | US$ in thousands | 95,097 | 130,463 | 151,747 | 130,171 | 125,426 | 132,040 | 130,160 | 145,623 | 109,287 | 104,163 | 92,655 | 84,677 | 61,399 | 55,425 | 54,678 | 57,306 | 43,514 | 42,210 | 31,935 |
| 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 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,099,766K ÷ $95,097K
= 11.56
The payables turnover ratio measures how quickly a company pays its suppliers. A higher ratio indicates more efficiency in paying off trade payables.
Based on the data provided for Progyny Inc, the payables turnover ratio has fluctuated over the quarters. It ranged from a low of 5.73 on March 31, 2023, to a high of 11.56 on December 31, 2024.
The trend shows some variability, with the ratio generally staying above 6 and occasionally spiking higher, as seen in the peaks observed in December 31, 2024, and September 30, 2024. This could suggest that Progyny Inc has managed its payments effectively during those periods.
Overall, the payables turnover ratio for Progyny Inc reflects the company's ability to manage its accounts payable efficiently, albeit with some fluctuations over time. It is essential to continue monitoring this ratio to ensure a consistent and effective payment management process.
Peer comparison
Dec 31, 2024