Progyny Inc (PGNY)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (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 | |||
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 553,429 | 515,393 | 469,499 | 424,401 | 376,968 | 346,856 | 311,024 | 279,619 | 251,822 | 224,113 | 204,541 | 184,618 | 166,947 | 125,886 | 118,710 | 119,492 | 114,271 | -91,250 |
| Return on total capital | 11.24% | 10.03% | 9.53% | 9.05% | 6.19% | 5.72% | 5.68% | 7.32% | 12.84% | 15.03% | 14.40% | 9.06% | 5.00% | 6.62% | 5.54% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $62,184K ÷ ($—K + $553,429K)
= 11.24%
Progyny Inc's return on total capital has shown a positive trend over the past eight quarters. The company's return on total capital has been gradually increasing from 5.68% in Q2 2022 to 11.24% in Q4 2023. This indicates that Progyny Inc has been more efficient in generating profits from the total capital employed in its operations.
The consistent improvement in the return on total capital signifies that Progyny Inc has been effectively utilizing its capital resources to generate higher returns for its stakeholders. This trend reflects positively on the company's operational efficiency and management's ability to generate value from its assets and investments.
Overall, the increasing trend in return on total capital demonstrates Progyny Inc's ability to generate satisfactory returns on the total capital employed in its business operations.
Peer comparison
Dec 31, 2023