Progyny Inc (PGNY)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 62,037 | 51,975 | 49,288 | 43,065 | 30,358 | 42,030 | 45,615 | 55,574 | 65,769 | 89,761 | 77,787 | 57,996 | 46,459 | 2,987 | -10,045 | |||
| 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 |
| ROA | 8.20% | 7.15% | 7.23% | 6.63% | 5.59% | 8.23% | 9.85% | 13.37% | 18.37% | 26.66% | 24.93% | 19.69% | 18.30% | 1.48% | -5.66% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $62,037K ÷ $756,620K
= 8.20%
To analyze Progyny Inc's return on assets (ROA) over the past eight quarters, we observe a fluctuating trend. ROA represents the company's ability to generate profit from its assets, and a higher ROA indicates better efficiency in asset utilization.
In Q1 2022, Progyny Inc achieved a high ROA of 13.37%, reflecting strong profitability relative to its asset base. However, in subsequent quarters, ROA experienced declines, reaching a low of 5.59% in Q4 2022. This downward trend suggests a potential decrease in the company's ability to generate earnings from its assets during that period.
Subsequently, Progyny Inc's ROA showed some recovery in the first two quarters of 2023, with ROA ranging between 6.63% and 7.23%. This indicates a modest improvement in profitability efficiency compared to the preceding quarters. Notably, in Q4 2023, the ROA increased to 8.20%, reflecting a positive performance in utilizing its assets to generate returns.
In conclusion, Progyny Inc's ROA has displayed fluctuations over the period under review. Investors and analysts may want to further investigate the drivers behind these variations to assess the company's asset management and profitability trends more comprehensively.
Peer comparison
Dec 31, 2023