Progyny Inc (PGNY)
Working capital 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 current assets | US$ in thousands | 472,721 | 546,302 | 582,243 | 681,512 | 640,407 | 611,272 | 561,130 | 527,079 | 433,856 | 401,866 | 356,378 | 309,026 | 258,539 | 254,424 | 238,491 | 227,799 | 190,222 | 184,590 | 159,705 |
| Total current liabilities | US$ in thousands | 168,627 | 208,471 | 225,375 | 205,919 | 185,950 | 193,419 | 193,900 | 206,867 | 159,536 | 156,868 | 144,897 | 128,717 | 98,824 | 104,484 | 98,785 | 100,998 | 77,786 | 74,166 | 57,668 |
| Working capital turnover | 3.84 | 3.37 | 3.18 | 2.34 | 2.40 | 2.48 | 2.61 | 2.73 | 2.87 | 2.86 | 2.92 | 3.06 | 3.14 | 3.16 | 3.22 | 3.04 | 3.07 | 2.81 | 2.67 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,167,818K ÷ ($472,721K – $168,627K)
= 3.84
The working capital turnover ratio measures how efficiently a company is using its working capital to generate sales revenue. A higher ratio indicates that the company is using its working capital effectively, while a lower ratio suggests inefficiency in managing working capital.
According to the data provided for Progyny Inc, the working capital turnover ratio has shown fluctuations over the reporting periods. It increased from 2.67 on June 30, 2020, to a peak of 3.84 on December 31, 2024, indicating an improvement in the company's efficiency in utilizing its working capital to generate sales.
However, it is important to note that the ratio experienced some variability during the observation period, with occasional decreases and fluctuations. For example, the ratio decreased from 3.22 on June 30, 2021, to 2.86 on September 30, 2022, before showing an upward trend again.
Overall, the working capital turnover ratio for Progyny Inc experienced both upward and downward movements, but the general trend indicates an improvement in the company's ability to generate sales revenue using its working capital efficiently. This suggests that Progyny Inc has been able to effectively manage its working capital over the observed periods.
Peer comparison
Dec 31, 2024