Progyny Net Receivables vs Non Current Assets Total Analysis

PGNY Stock  USD 15.27  0.48  3.05%   
Progyny financial indicator trend analysis is much more than just breaking down Progyny prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Progyny is a good investment. Please check the relationship between Progyny Net Receivables and its Non Current Assets Total accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Progyny. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For more information on how to buy Progyny Stock please use our How to Invest in Progyny guide.

Net Receivables vs Non Current Assets Total

Net Receivables vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Progyny Net Receivables account and Non Current Assets Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Progyny's Net Receivables and Non Current Assets Total is 0.96. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Progyny, assuming nothing else is changed. The correlation between historical values of Progyny's Net Receivables and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Progyny are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Net Receivables i.e., Progyny's Net Receivables and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.96
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Receivables

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Progyny's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Progyny current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Progyny. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For more information on how to buy Progyny Stock please use our How to Invest in Progyny guide.At this time, Progyny's Tax Provision is fairly stable compared to the past year. Discontinued Operations is likely to rise to about 7 M in 2024, whereas Selling General Administrative is likely to drop slightly above 59 M in 2024.
 2023 2024 (projected)
Discontinued Operations6.6M7.0M
Interest Income732.6K421.8K

Progyny fundamental ratios Correlations

0.90.90.91.0-0.720.970.990.94-0.830.990.990.820.870.840.96-0.790.990.89-0.790.80.9-0.790.480.950.92
0.90.710.70.91-0.50.830.920.79-0.640.870.850.640.650.590.8-0.890.950.67-0.890.660.73-0.890.670.840.96
0.90.710.980.89-0.810.950.880.79-0.910.870.910.940.970.910.87-0.460.850.97-0.460.940.94-0.460.50.940.76
0.90.70.980.9-0.740.920.880.85-0.850.90.920.890.970.940.9-0.480.850.99-0.480.860.9-0.480.430.90.74
1.00.910.890.9-0.720.970.990.93-0.830.980.990.820.860.830.96-0.80.990.89-0.80.80.9-0.80.510.950.93
-0.72-0.5-0.81-0.74-0.72-0.81-0.72-0.560.85-0.66-0.74-0.83-0.71-0.64-0.670.41-0.69-0.720.41-0.86-0.780.41-0.39-0.84-0.65
0.970.830.950.920.97-0.810.950.87-0.930.940.970.930.910.870.94-0.670.940.92-0.670.910.95-0.670.540.990.86
0.990.920.880.880.99-0.720.950.9-0.790.980.970.790.860.780.93-0.820.990.85-0.820.790.92-0.820.480.940.96
0.940.790.790.850.93-0.560.870.9-0.690.970.950.690.830.870.97-0.760.90.87-0.760.610.79-0.760.280.820.8
-0.83-0.64-0.91-0.85-0.830.85-0.93-0.79-0.69-0.77-0.84-0.99-0.85-0.83-0.80.42-0.78-0.860.42-0.96-0.880.42-0.57-0.95-0.65
0.990.870.870.90.98-0.660.940.980.97-0.770.980.770.890.860.98-0.790.960.89-0.790.740.89-0.790.380.90.9
0.990.850.910.920.99-0.740.970.970.95-0.840.980.830.890.870.96-0.750.970.92-0.750.80.91-0.750.410.950.88
0.820.640.940.890.82-0.830.930.790.69-0.990.770.830.890.870.81-0.370.770.9-0.370.970.89-0.370.590.940.65
0.870.650.970.970.86-0.710.910.860.83-0.850.890.890.890.950.91-0.430.80.96-0.430.870.94-0.430.340.870.7
0.840.590.910.940.83-0.640.870.780.87-0.830.860.870.870.950.92-0.390.750.97-0.390.790.84-0.390.320.830.6
0.960.80.870.90.96-0.670.940.930.97-0.80.980.960.810.910.92-0.70.910.91-0.70.750.89-0.70.340.890.82
-0.79-0.89-0.46-0.48-0.80.41-0.67-0.82-0.760.42-0.79-0.75-0.37-0.43-0.39-0.7-0.86-0.451.0-0.38-0.561.0-0.37-0.66-0.89
0.990.950.850.850.99-0.690.940.990.9-0.780.960.970.770.80.750.91-0.860.83-0.860.770.85-0.860.550.930.96
0.890.670.970.990.89-0.720.920.850.87-0.860.890.920.90.960.970.91-0.450.83-0.450.850.88-0.450.420.890.69
-0.79-0.89-0.46-0.48-0.80.41-0.67-0.82-0.760.42-0.79-0.75-0.37-0.43-0.39-0.71.0-0.86-0.45-0.38-0.561.0-0.37-0.66-0.89
0.80.660.940.860.8-0.860.910.790.61-0.960.740.80.970.870.790.75-0.380.770.85-0.380.89-0.380.640.930.7
0.90.730.940.90.9-0.780.950.920.79-0.880.890.910.890.940.840.89-0.560.850.88-0.560.89-0.560.360.930.8
-0.79-0.89-0.46-0.48-0.80.41-0.67-0.82-0.760.42-0.79-0.75-0.37-0.43-0.39-0.71.0-0.86-0.451.0-0.38-0.56-0.37-0.66-0.89
0.480.670.50.430.51-0.390.540.480.28-0.570.380.410.590.340.320.34-0.370.550.42-0.370.640.36-0.370.60.56
0.950.840.940.90.95-0.840.990.940.82-0.950.90.950.940.870.830.89-0.660.930.89-0.660.930.93-0.660.60.86
0.920.960.760.740.93-0.650.860.960.8-0.650.90.880.650.70.60.82-0.890.960.69-0.890.70.8-0.890.560.86
Click cells to compare fundamentals

Progyny Account Relationship Matchups

Progyny fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets150.4M253.9M358.1M543.0M756.6M794.5M
Other Current Liab16.8M33.0M36.2M49.0M58.4M31.5M
Total Current Liabilities36.2M77.8M98.8M159.5M186.0M95.3M
Total Stockholder Equity114.3M166.9M251.8M377.0M553.4M581.1M
Net Tangible Assets100.0M153.9M239.3M365.0M419.7M440.7M
Property Plant And Equipment Net3.1M12.1M12.8M15.3M27.8M29.2M
Net Debt(80.4M)(62.0M)(84.0M)(112.4M)(77.9M)(81.8M)
Retained Earnings(113.5M)(68.2M)(2.4M)27.9M90.0M94.5M
Accounts Payable19.4M43.5M61.4M109.3M125.4M131.7M
Cash80.4M70.3M91.4M120.1M97.3M73.0M
Non Current Assets Total18.0M63.7M99.5M109.1M116.2M69.4M
Non Currrent Assets Other652K573K2.9M4.0M3.4M1.9M
Other Assets652K8.2M74.2M81.9M94.2M98.9M
Cash And Short Term Investments80.4M109.3M119.4M189.3M371.1M389.6M
Net Receivables47.1M75.7M134.6M240.1M241.9M121.6M
Common Stock Shares Outstanding83.6M99.1M100.4M100.0M100.7M101.6M
Liabilities And Stockholders Equity150.4M253.9M358.1M543.0M756.6M794.5M
Non Current Liabilities Total19.4M9.2M7.4M6.5M17.2M10.4M
Capital Surpluse228.8M236.1M255.3M349.5M402.0M422.1M
Other Current Assets5.0M10.5M9.1M4.5M27.5M28.8M
Other Stockholder Equity227.7M235.1M254.3M348.5M460.6M242.6M
Total Liab36.2M87.0M106.2M166.0M203.2M102.6M
Net Invested Capital114.3M166.9M251.8M377.0M553.4M581.1M
Property Plant And Equipment Gross3.1M12.1M12.8M15.3M33.1M34.8M
Total Current Assets132.4M190.2M258.5M433.9M640.4M672.4M
Accumulated Other Comprehensive Income(150.4M)1K(93K)501K2.8M3.0M
Net Working Capital96.3M112.4M159.7M274.3M454.5M477.2M
Intangible Assets2.4M1.2M599K99K89.1K84.6K
Property Plant Equipment3.1M3.4M12.8M8.4M9.6M5.3M

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