Progyny Inc (PGNY)
Return on total capital
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 62,184 | 23,341 | 32,340 | 8,348 | 9,677 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 553,429 | 376,968 | 251,822 | 166,947 | 114,271 |
| Return on total capital | 11.24% | 6.19% | 12.84% | 5.00% | 8.47% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $62,184K ÷ ($—K + $553,429K)
= 11.24%
Progyny Inc's return on total capital has fluctuated over the past five years, ranging from a low of 5.00% in 2020 to a high of 12.84% in 2021. The return on total capital for the most recent year, 2023, stands at 11.24%. This indicates that the company has been able to generate a reasonable return on the total capital employed in its operations, reflecting its efficiency in utilizing both debt and equity to generate profits.
The overall trend suggests that Progyny Inc has generally been able to improve its return on total capital over the years, although there have been fluctuations. A higher return on total capital indicates that the company is effectively utilizing its resources to generate profits for its stakeholders. It is important for investors and stakeholders to monitor this ratio over time to assess the company's financial performance and efficiency in generating returns on the capital invested.
Peer comparison
Dec 31, 2023