Progressive Asset Turnover vs Dividend Yield Analysis
PGR Stock | USD 209.75 0.63 0.30% |
Progressive Corp financial indicator trend analysis is much more than just breaking down Progressive Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Progressive Corp is a good investment. Please check the relationship between Progressive Corp Asset Turnover and its Dividend Yield accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Progressive Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Progressive Stock, please use our How to Invest in Progressive Corp guide.
Asset Turnover vs Dividend Yield
Asset Turnover vs Dividend Yield Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Progressive Corp Asset Turnover account and Dividend Yield. At this time, the significance of the direction appears to have weak relationship.
The correlation between Progressive Corp's Asset Turnover and Dividend Yield is 0.33. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Dividend Yield in the same time period over historical financial statements of Progressive Corp, assuming nothing else is changed. The correlation between historical values of Progressive Corp's Asset Turnover and Dividend Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of Progressive Corp are associated (or correlated) with its Dividend Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Dividend Yield has no effect on the direction of Asset Turnover i.e., Progressive Corp's Asset Turnover and Dividend Yield go up and down completely randomly.
Correlation Coefficient | 0.33 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.Dividend Yield
Dividend Yield is Progressive Corp dividend as a percentage of Progressive Corp stock price. Progressive Corp dividend yield is a measure of Progressive Corp stock productivity, which can be interpreted as interest rate earned on an Progressive Corp investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Most indicators from Progressive Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Progressive Corp 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 Progressive Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Progressive Stock, please use our How to Invest in Progressive Corp guide.At this time, Progressive Corp's Selling General Administrative is relatively stable compared to the past year. As of 04/18/2024, Tax Provision is likely to grow to about 794.6 M, while Sales General And Administrative To Revenue is likely to drop 0.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 47.7B | 49.6B | 62.1B | 65.2B | Interest Expense | 218.6M | 243.5M | 268.4M | 281.8M |
Progressive Corp fundamental ratios Correlations
Click cells to compare fundamentals
Progressive Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Progressive Corp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 54.9B | 64.1B | 71.1B | 70.2B | 84.3B | 88.5B | |
Short Long Term Debt Total | 4.4B | 5.4B | 4.9B | 6.5B | 7.1B | 7.4B | |
Total Stockholder Equity | 13.7B | 17.0B | 18.2B | 15.9B | 20.3B | 21.3B | |
Net Debt | 4.2B | 5.3B | 4.7B | 6.3B | 7.0B | 7.3B | |
Retained Earnings | 10.7B | 13.4B | 15.3B | 15.7B | 18.8B | 19.7B | |
Common Stock Shares Outstanding | 586.7M | 587.2M | 587.6M | 587.1M | 587.5M | 620.5M | |
Liabilities And Stockholders Equity | 54.9B | 64.1B | 71.1B | 70.2B | 84.3B | 88.5B | |
Non Current Liabilities Total | 21.6B | 24.1B | 27.4B | 29.8B | 34.4B | 36.2B | |
Other Stockholder Equity | 1.6B | 1.7B | 1.8B | 1.9B | 2.0B | 2.1B | |
Total Liab | 41.2B | 47.1B | 52.9B | 54.3B | 64.0B | 67.3B | |
Property Plant And Equipment Net | 1.2B | 1.1B | 1.1B | 1.2B | 1.1B | 780.9M | |
Non Current Assets Total | 41.1B | 49.3B | 53.2B | 50.6B | 60.5B | 63.5B | |
Non Currrent Assets Other | (70.3M) | (86.9M) | (65.1) | (6.7B) | (8.7B) | (9.2B) | |
Other Assets | (32.0B) | (39.4B) | (41.3B) | 1.0 | 0.9 | 0.95 | |
Net Receivables | 10.9B | 12.2B | 14.4B | 16.2B | 17.1B | 17.9B | |
Total Current Assets | 45.8B | 54.2B | 59.2B | 19.7B | 23.9B | 25.0B | |
Cash | 226.2M | 76.5M | 187.1M | 220.9M | 99.6M | 92.9M | |
Cash And Short Term Investments | 35.1B | 42.1B | 45.0B | 9.0B | 62.3B | 65.4B | |
Short Term Investments | 34.9B | 42.0B | 44.8B | 8.7B | 11.4B | 10.2B | |
Accumulated Other Comprehensive Income | 341.7M | 931.7M | 40.7M | (2.8B) | (1.6B) | (1.5B) | |
Common Stock | 584.6M | 585.2M | 584.4M | 584.9M | 585.3M | 446.3M | |
Other Current Liab | (6.5B) | (5.0B) | (6.0B) | 19.0B | 29.6B | 31.1B | |
Total Current Liabilities | 16.3B | 19.6B | 21.2B | 24.5B | 29.6B | 15.1B | |
Common Stock Total Equity | 583.2M | 584.6M | 585.2M | 584.4M | 672.1M | 445.3M | |
Property Plant And Equipment Gross | 1.1B | 1.1B | 1.2B | 1.1B | 1.3B | 834.7M | |
Other Liab | 5.9M | 9.5B | 8.0B | 297.8M | 268.0M | 254.6M | |
Accounts Payable | 6.0B | 5.0B | 6.0B | 5.5B | 6.4B | 6.7B | |
Long Term Debt | 4.4B | 5.4B | 4.9B | 6.4B | 6.9B | 7.2B | |
Property Plant Equipment | 1.2B | 1.1B | 1.3B | 1.2B | 1.3B | 1.0B | |
Retained Earnings Total Equity | 8.4B | 10.7B | 13.4B | 15.3B | 17.6B | 18.5B | |
Inventory | (9.9B) | (19.5B) | (16.4B) | (25.2B) | (79.3B) | (75.3B) | |
Intangible Assets | 228.3M | 171.4M | 117.3M | 314.2M | 361.3M | 227.0M | |
Net Tangible Assets | 12.7B | 15.9B | 17.7B | 15.1B | 17.3B | 10.6B | |
Long Term Debt Total | 4.4B | 5.4B | 4.9B | 6.4B | 7.3B | 3.8B | |
Capital Surpluse | 1.6B | 1.7B | 1.8B | 1.9B | 2.2B | 1.5B | |
Long Term Investments | 39.4B | 47.7B | 51.5B | 53.5B | 66.0B | 69.3B | |
Non Current Liabilities Other | 26.1B | 30.5B | 34.0B | 41.9B | 48.2B | 50.6B | |
Other Current Assets | 9.7B | 19.4B | 16.3B | 19.7B | 23.9B | 25.0B |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Progressive Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Progressive Stock, please use our How to Invest in Progressive Corp guide.Note that the Progressive Corp information on this page should be used as a complementary analysis to other Progressive Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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Is Progressive Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Progressive Corp. If investors know Progressive will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Progressive Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 4.253 | Dividend Share 1.15 | Earnings Share 9.77 | Revenue Per Share 111.143 | Quarterly Revenue Growth 0.206 |
The market value of Progressive Corp is measured differently than its book value, which is the value of Progressive that is recorded on the company's balance sheet. Investors also form their own opinion of Progressive Corp's value that differs from its market value or its book value, called intrinsic value, which is Progressive Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Progressive Corp's market value can be influenced by many factors that don't directly affect Progressive Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Progressive Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Progressive Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Progressive Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.