Progyny Inc (PGNY)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 54,336 | 62,037 | 30,358 | 65,769 | 46,459 |
| Total assets | US$ in thousands | 607,102 | 756,620 | 542,986 | 358,065 | 253,927 |
| ROA | 8.95% | 8.20% | 5.59% | 18.37% | 18.30% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $54,336K ÷ $607,102K
= 8.95%
The Return on Assets (ROA) for Progyny Inc has shown fluctuations over the years:
1. In December 31, 2020, the ROA was 18.30%, reflecting a strong performance in utilizing its assets to generate profit.
2. The ROA slightly increased to 18.37% by December 31, 2021, indicating continued efficiency in asset utilization.
3. However, there was a notable decline in ROA to 5.59% by December 31, 2022, suggesting a decrease in the company's ability to generate profit relative to its asset base.
4. The ROA improved to 8.20% by December 31, 2023, signaling a recovery in asset efficiency.
5. By December 31, 2024, the ROA further increased to 8.95%, indicating a continued trend of improved profitability relative to its assets.
Overall, while there were fluctuations in ROA over the years, Progyny Inc has demonstrated a general ability to effectively utilize its assets to generate profit, with a recent positive trend in ROA.
Peer comparison
Dec 31, 2024