Progyny Inc (PGNY)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 62,184 | 51,690 | 44,756 | 38,410 | 23,341 | 19,847 | 17,657 | 20,475 | 32,340 | 33,689 | 29,452 | 16,724 | 8,348 | 8,331 | 6,572 | |||
| 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 |
| Operating ROA | 8.22% | 7.11% | 6.57% | 5.91% | 4.30% | 3.89% | 3.81% | 4.93% | 9.03% | 10.01% | 9.44% | 5.68% | 3.29% | 4.12% | 3.70% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $62,184K ÷ $756,620K
= 8.22%
Operating return on assets (operating ROA) measures a company's efficiency in generating operating profits from its total assets. For Progyny Inc, the trend of operating ROA over the past eight quarters shows a consistent improvement. In Q4 2023, the operating ROA was at 8.22%, marking the highest point in the period analyzed. This indicates that Progyny Inc is effectively utilizing its assets to generate operating income. The gradual increase in operating ROA from 4.30% in Q4 2022 to 8.22% in Q4 2023 reflects the company's improving operational efficiency and profitability. Overall, the upward trend in operating ROA suggests that Progyny Inc is managing its assets well and generating stronger operating returns over time.
Peer comparison
Dec 31, 2023