Progyny Inc (PGNY)

Total asset turnover

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
Revenue (ttm) US$ in thousands 1,091,902 1,036,101 959,749 874,714 787,727 700,482 617,337 551,196 501,082 473,730 450,213 385,920 344,979 309,953 272,210
Total assets US$ in thousands 756,620 726,512 681,537 649,724 542,986 510,444 462,876 415,525 358,065 336,682 312,075 294,588 253,927 202,051 177,554 180,145 150,434 72,551
Total asset turnover 1.44 1.43 1.41 1.35 1.45 1.37 1.33 1.33 1.40 1.41 1.44 1.31 1.36 1.53 1.53

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,091,902K ÷ $756,620K
= 1.44

The total asset turnover for Progyny Inc has shown relatively consistent performance over the past eight quarters. The ratios have ranged from 1.33 to 1.45, indicating that for every dollar of total assets the company has, it generates between $1.33 and $1.45 of revenue.

The trend suggests that Progyny Inc has been effectively utilizing its total assets to generate sales, with the ratio hovering around 1.4 on average. A higher total asset turnover ratio generally indicates efficient asset utilization, implying that the company is effectively generating revenue from its assets.

Although there have been some fluctuations in the ratio, overall, Progyny Inc appears to be maintaining a healthy level of asset turnover, which is a positive indicator of the company's operational efficiency.


Peer comparison

Dec 31, 2023

Company name
Symbol
Total asset turnover
Progyny Inc
PGNY
1.44
DaVita HealthCare Partners Inc
DVA
0.72
Sotera Health Co
SHC
0.34