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