Progyny Inc (PGNY)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,165,810 | 1,091,910 | 787,727 | 501,082 | 344,979 |
| Total assets | US$ in thousands | 607,102 | 756,620 | 542,986 | 358,065 | 253,927 |
| Total asset turnover | 1.92 | 1.44 | 1.45 | 1.40 | 1.36 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,165,810K ÷ $607,102K
= 1.92
Progyny Inc's total asset turnover has shown a steady increase over the years, from 1.36 in December 2020 to 1.92 in December 2024. This indicates that the company is generating more revenue relative to its total assets, reflecting efficiency in asset utilization. The rising trend in total asset turnover suggests that Progyny is becoming more adept at generating sales from its assets, which can be a positive sign for investors and creditors. It implies that the company is effectively managing its assets to drive revenue growth and potentially improve profitability. However, a significant increase in total asset turnover should be further investigated to ensure that it is not a result of aggressive cost-cutting measures that may affect the company's long-term sustainability.
Peer comparison
Dec 31, 2024