Progyny Inc (PGNY)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 62,184 | 23,341 | 32,340 | 8,348 | 9,677 |
| Total assets | US$ in thousands | 756,620 | 542,986 | 358,065 | 253,927 | 150,434 |
| Operating ROA | 8.22% | 4.30% | 9.03% | 3.29% | 6.43% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $62,184K ÷ $756,620K
= 8.22%
The operating return on assets (ROA) for Progyny Inc has shown fluctuations over the past five years. The operating ROA was 8.22% as of December 31, 2023, which represents an improvement compared to the prior year where it was 4.30%. This indicates that for every dollar of assets Progyny Inc had, they generated 8.22 cents in operating income in 2023.
The trend in operating ROA indicates that Progyny Inc experienced a significant increase in operating efficiency in 2023 compared to 2022. However, it is important to note that the operating ROA was higher in 2021 (9.03%) and 2019 (6.43%) compared to 2023, suggesting that the company's operating performance has shown variability over the years.
Overall, the operating ROA metric reflects Progyny Inc's ability to generate operating income from its assets, and the improvement in 2023 could indicate enhanced operational efficiency and profitability.
Peer comparison
Dec 31, 2023