Progyny Retained Earnings vs Net Tangible Assets Analysis

PGNY Stock

USD 15.75 0.31 2.01%

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 Retained Earnings and its Net Tangible Assets 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.

Retained Earnings vs Net Tangible Assets

Retained Earnings vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Progyny Retained Earnings account and Net Tangible Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Progyny's Retained Earnings and Net Tangible Assets is 0.94. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Progyny, assuming nothing else is changed. The correlation between historical values of Progyny's Retained Earnings and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Progyny are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Retained Earnings i.e., Progyny's Retained Earnings and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

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Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

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 Operations	6.6M	7.0M
Interest Income	732.6K	421.8K

Discontinued Operations Interest Income

Progyny fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Capital Surpluse	Other Current Assets
Total Assets		0.9	0.9	0.9	1.0	-0.72	0.97	0.99	0.94	-0.83	0.99	0.99	0.82	0.87	0.84	0.96	-0.79	0.99	0.89	-0.79	0.8	0.9	-0.79	0.48	0.95	0.92
Short Long Term Debt Total	0.9		0.71	0.7	0.91	-0.5	0.83	0.92	0.79	-0.64	0.87	0.85	0.64	0.65	0.59	0.8	-0.89	0.95	0.67	-0.89	0.66	0.73	-0.89	0.67	0.84	0.96
Other Current Liab	0.9	0.71		0.98	0.89	-0.81	0.95	0.88	0.79	-0.91	0.87	0.91	0.94	0.97	0.91	0.87	-0.46	0.85	0.97	-0.46	0.94	0.94	-0.46	0.5	0.94	0.76
Total Current Liabilities	0.9	0.7	0.98		0.9	-0.74	0.92	0.88	0.85	-0.85	0.9	0.92	0.89	0.97	0.94	0.9	-0.48	0.85	0.99	-0.48	0.86	0.9	-0.48	0.43	0.9	0.74
Total Stockholder Equity	1.0	0.91	0.89	0.9		-0.72	0.97	0.99	0.93	-0.83	0.98	0.99	0.82	0.86	0.83	0.96	-0.8	0.99	0.89	-0.8	0.8	0.9	-0.8	0.51	0.95	0.93
Other Liab	-0.72	-0.5	-0.81	-0.74	-0.72		-0.81	-0.72	-0.56	0.85	-0.66	-0.74	-0.83	-0.71	-0.64	-0.67	0.41	-0.69	-0.72	0.41	-0.86	-0.78	0.41	-0.39	-0.84	-0.65
Net Tangible Assets	0.97	0.83	0.95	0.92	0.97	-0.81		0.95	0.87	-0.93	0.94	0.97	0.93	0.91	0.87	0.94	-0.67	0.94	0.92	-0.67	0.91	0.95	-0.67	0.54	0.99	0.86
Property Plant And Equipment Net	0.99	0.92	0.88	0.88	0.99	-0.72	0.95		0.9	-0.79	0.98	0.97	0.79	0.86	0.78	0.93	-0.82	0.99	0.85	-0.82	0.79	0.92	-0.82	0.48	0.94	0.96
Current Deferred Revenue	0.94	0.79	0.79	0.85	0.93	-0.56	0.87	0.9		-0.69	0.97	0.95	0.69	0.83	0.87	0.97	-0.76	0.9	0.87	-0.76	0.61	0.79	-0.76	0.28	0.82	0.8
Net Debt	-0.83	-0.64	-0.91	-0.85	-0.83	0.85	-0.93	-0.79	-0.69		-0.77	-0.84	-0.99	-0.85	-0.83	-0.8	0.42	-0.78	-0.86	0.42	-0.96	-0.88	0.42	-0.57	-0.95	-0.65
Retained Earnings	0.99	0.87	0.87	0.9	0.98	-0.66	0.94	0.98	0.97	-0.77		0.98	0.77	0.89	0.86	0.98	-0.79	0.96	0.89	-0.79	0.74	0.89	-0.79	0.38	0.9	0.9
Accounts Payable	0.99	0.85	0.91	0.92	0.99	-0.74	0.97	0.97	0.95	-0.84	0.98		0.83	0.89	0.87	0.96	-0.75	0.97	0.92	-0.75	0.8	0.91	-0.75	0.41	0.95	0.88
Cash	0.82	0.64	0.94	0.89	0.82	-0.83	0.93	0.79	0.69	-0.99	0.77	0.83		0.89	0.87	0.81	-0.37	0.77	0.9	-0.37	0.97	0.89	-0.37	0.59	0.94	0.65
Non Current Assets Total	0.87	0.65	0.97	0.97	0.86	-0.71	0.91	0.86	0.83	-0.85	0.89	0.89	0.89		0.95	0.91	-0.43	0.8	0.96	-0.43	0.87	0.94	-0.43	0.34	0.87	0.7
Non Currrent Assets Other	0.84	0.59	0.91	0.94	0.83	-0.64	0.87	0.78	0.87	-0.83	0.86	0.87	0.87	0.95		0.92	-0.39	0.75	0.97	-0.39	0.79	0.84	-0.39	0.32	0.83	0.6
Other Assets	0.96	0.8	0.87	0.9	0.96	-0.67	0.94	0.93	0.97	-0.8	0.98	0.96	0.81	0.91	0.92		-0.7	0.91	0.91	-0.7	0.75	0.89	-0.7	0.34	0.89	0.82
Long Term Debt	-0.79	-0.89	-0.46	-0.48	-0.8	0.41	-0.67	-0.82	-0.76	0.42	-0.79	-0.75	-0.37	-0.43	-0.39	-0.7		-0.86	-0.45	1.0	-0.38	-0.56	1.0	-0.37	-0.66	-0.89
Cash And Short Term Investments	0.99	0.95	0.85	0.85	0.99	-0.69	0.94	0.99	0.9	-0.78	0.96	0.97	0.77	0.8	0.75	0.91	-0.86		0.83	-0.86	0.77	0.85	-0.86	0.55	0.93	0.96
Net Receivables	0.89	0.67	0.97	0.99	0.89	-0.72	0.92	0.85	0.87	-0.86	0.89	0.92	0.9	0.96	0.97	0.91	-0.45	0.83		-0.45	0.85	0.88	-0.45	0.42	0.89	0.69
Good Will	-0.79	-0.89	-0.46	-0.48	-0.8	0.41	-0.67	-0.82	-0.76	0.42	-0.79	-0.75	-0.37	-0.43	-0.39	-0.7	1.0	-0.86	-0.45		-0.38	-0.56	1.0	-0.37	-0.66	-0.89
Common Stock Total Equity	0.8	0.66	0.94	0.86	0.8	-0.86	0.91	0.79	0.61	-0.96	0.74	0.8	0.97	0.87	0.79	0.75	-0.38	0.77	0.85	-0.38		0.89	-0.38	0.64	0.93	0.7
Common Stock Shares Outstanding	0.9	0.73	0.94	0.9	0.9	-0.78	0.95	0.92	0.79	-0.88	0.89	0.91	0.89	0.94	0.84	0.89	-0.56	0.85	0.88	-0.56	0.89		-0.56	0.36	0.93	0.8
Long Term Debt Total	-0.79	-0.89	-0.46	-0.48	-0.8	0.41	-0.67	-0.82	-0.76	0.42	-0.79	-0.75	-0.37	-0.43	-0.39	-0.7	1.0	-0.86	-0.45	1.0	-0.38	-0.56		-0.37	-0.66	-0.89
Non Current Liabilities Total	0.48	0.67	0.5	0.43	0.51	-0.39	0.54	0.48	0.28	-0.57	0.38	0.41	0.59	0.34	0.32	0.34	-0.37	0.55	0.42	-0.37	0.64	0.36	-0.37		0.6	0.56
Capital Surpluse	0.95	0.84	0.94	0.9	0.95	-0.84	0.99	0.94	0.82	-0.95	0.9	0.95	0.94	0.87	0.83	0.89	-0.66	0.93	0.89	-0.66	0.93	0.93	-0.66	0.6		0.86
Other Current Assets	0.92	0.96	0.76	0.74	0.93	-0.65	0.86	0.96	0.8	-0.65	0.9	0.88	0.65	0.7	0.6	0.82	-0.89	0.96	0.69	-0.89	0.7	0.8	-0.89	0.56	0.86

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Progyny Account Relationship Matchups

Progyny fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	150.4M	253.9M	358.1M	543.0M	756.6M	794.5M
Other Current Liab	16.8M	33.0M	36.2M	49.0M	58.4M	31.5M
Total Current Liabilities	36.2M	77.8M	98.8M	159.5M	186.0M	95.3M
Total Stockholder Equity	114.3M	166.9M	251.8M	377.0M	553.4M	581.1M
Net Tangible Assets	100.0M	153.9M	239.3M	365.0M	419.7M	440.7M
Property Plant And Equipment Net	3.1M	12.1M	12.8M	15.3M	27.8M	29.2M
Net Debt	(80.4M)	(62.0M)	(84.0M)	(112.4M)	(77.9M)	(81.8M)
Retained Earnings	(113.5M)	(68.2M)	(2.4M)	27.9M	90.0M	94.5M
Accounts Payable	19.4M	43.5M	61.4M	109.3M	125.4M	131.7M
Cash	80.4M	70.3M	91.4M	120.1M	97.3M	73.0M
Non Current Assets Total	18.0M	63.7M	99.5M	109.1M	116.2M	69.4M
Non Currrent Assets Other	652K	573K	2.9M	4.0M	3.4M	1.9M
Other Assets	652K	8.2M	74.2M	81.9M	94.2M	98.9M
Cash And Short Term Investments	80.4M	109.3M	119.4M	189.3M	371.1M	389.6M
Net Receivables	47.1M	75.7M	134.6M	240.1M	241.9M	121.6M
Common Stock Shares Outstanding	83.6M	99.1M	100.4M	100.0M	100.7M	101.6M
Liabilities And Stockholders Equity	150.4M	253.9M	358.1M	543.0M	756.6M	794.5M
Non Current Liabilities Total	19.4M	9.2M	7.4M	6.5M	17.2M	10.4M
Capital Surpluse	228.8M	236.1M	255.3M	349.5M	402.0M	422.1M
Other Current Assets	5.0M	10.5M	9.1M	4.5M	27.5M	28.8M
Other Stockholder Equity	227.7M	235.1M	254.3M	348.5M	460.6M	242.6M
Total Liab	36.2M	87.0M	106.2M	166.0M	203.2M	102.6M
Net Invested Capital	114.3M	166.9M	251.8M	377.0M	553.4M	581.1M
Property Plant And Equipment Gross	3.1M	12.1M	12.8M	15.3M	33.1M	34.8M
Total Current Assets	132.4M	190.2M	258.5M	433.9M	640.4M	672.4M
Accumulated Other Comprehensive Income	(150.4M)	1K	(93K)	501K	2.8M	3.0M
Net Working Capital	96.3M	112.4M	159.7M	274.3M	454.5M	477.2M
Intangible Assets	2.4M	1.2M	599K	99K	89.1K	84.6K
Property Plant Equipment	3.1M	3.4M	12.8M	8.4M	9.6M	5.3M

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Progyny Retained Earnings vs Net Tangible Assets Analysis

Retained Earnings vs Net Tangible Assets

Retained Earnings vs Net Tangible Assets Correlation Analysis

Correlation Coefficient

Retained Earnings

Net Tangible Assets

Progyny fundamental ratios Correlations

Progyny Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Progyny fundamental ratios Accounts

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Good Will	+ 1.0	Long Term Debt
Long Term Debt Total	+ 1.0	Long Term Debt
Long Term Debt Total	+ 1.0	Good Will
Property Plant And Equipment Net	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets

Cash	- 0.99	Net Debt
Common Stock Total Equity	- 0.96	Net Debt
Capital Surpluse	- 0.95	Net Debt
Net Debt	- 0.93	Net Tangible Assets
Net Debt	- 0.91	Other Current Liab
Other Current Assets	- 0.89	Long Term Debt Total