Progyny Inc (PGNY)
Total asset 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,167,818 | 1,140,069 | 1,135,369 | 1,111,361 | 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 | 607,102 | 659,972 | 698,632 | 794,304 | 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 |
| Total asset turnover | 1.92 | 1.73 | 1.63 | 1.40 | 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, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,167,818K ÷ $607,102K
= 1.92
The total asset turnover ratio of Progyny Inc has shown fluctuations over the reported periods. The ratio measures the efficiency of the company in generating revenue from its total assets. A higher total asset turnover ratio indicates that the company is effectively utilizing its assets to generate sales.
From June 30, 2020, to September 30, 2022, the total asset turnover ratio remained relatively stable between 1.31 and 1.53. However, there was a noticeable decrease in the ratio to 1.33 by March 31, 2022. From June 30, 2022, the ratio started to increase gradually, reaching its peak at 1.92 by December 31, 2024.
The significant increase in the total asset turnover ratio towards the end of the reporting period suggests that Progyny Inc improved its efficiency in generating sales from its assets, potentially indicating better operational performance and potential growth opportunities.
It would be important to further investigate the factors contributing to the fluctuations in the total asset turnover ratio to understand the company's underlying operational efficiencies and management of assets.
Peer comparison
Dec 31, 2024