Progyny Inc (PGNY)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 54,336 | 57,274 | 62,751 | 61,257 | 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 | 607,102 | 659,972 | 698,632 | 794,304 | 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 |
| ROA | 8.95% | 8.68% | 8.98% | 7.71% | 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, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $54,336K ÷ $607,102K
= 8.95%
Progyny Inc's return on assets (ROA) has shown fluctuating trends over the periods provided.
- The ROA was negative at -5.66% as of June 30, 2020, possibly indicating inefficiency in asset utilization.
- Subsequently, the ROA turned positive, reaching 1.48% by September 30, 2020, and continued to increase significantly to 26.66% by September 30, 2021, showing improved efficiency in generating profits from assets.
- The ROA peaked at 26.66% on September 30, 2021, suggesting strong profitability relative to the assets employed.
- However, there was a downward trend in ROA from the peak, declining to 8.23% by September 30, 2022, and further decreased to 5.59% by December 31, 2022, indicating potential challenges in maintaining profitability.
- The ROA started to recover through 2023 and 2024, fluctuating between 6.63% to 8.98%, demonstrating efforts to improve asset efficiency but still not reaching previous peak levels.
Overall, Progyny Inc's ROA has shown variability, indicating the company's ability to generate profit from its assets has improved over time but with some fluctuations in performance. Continued monitoring of ROA trends is essential to assess the company's effectiveness in utilizing assets to generate returns for investors.
Peer comparison
Dec 31, 2024