Progressive Free Cash Flow vs Asset Turnover Analysis

PGR Stock  USD 206.82  0.67  0.33%   
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 Free Cash Flow and its Asset Turnover 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.

Free Cash Flow vs Asset Turnover

Free Cash Flow vs Asset Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Progressive Corp Free Cash Flow account and Asset Turnover. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Progressive Corp's Free Cash Flow and Asset Turnover is -0.38. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Asset Turnover 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 Free Cash Flow and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Progressive Corp are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Free Cash Flow i.e., Progressive Corp's Free Cash Flow and Asset Turnover go up and down completely randomly.

Correlation Coefficient

-0.38
Relationship DirectionNegative 
Relationship StrengthInsignificant

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.
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.As of 03/28/2024, Selling General Administrative is likely to grow to about 216 M. Also, Tax Provision is likely to grow to about 794.6 M
 2021 2022 2023 2024 (projected)
Total Revenue47.7B49.6B62.1B65.2B
Interest Expense218.6M243.5M268.4M281.8M

Progressive Corp fundamental ratios Correlations

0.980.990.980.99-0.510.950.941.00.470.98-0.12-0.390.980.620.10.860.380.310.140.540.370.55-0.40.960.98
0.980.971.00.97-0.510.920.940.990.480.96-0.15-0.270.960.520.110.790.280.330.20.580.380.55-0.370.931.0
0.990.970.960.99-0.520.940.940.990.480.97-0.11-0.460.970.680.090.870.430.330.10.510.390.55-0.360.950.97
0.981.00.960.97-0.510.910.940.980.480.96-0.16-0.260.960.510.10.80.270.330.220.580.390.55-0.380.931.0
0.990.970.990.97-0.410.970.90.990.370.97-0.16-0.390.990.620.040.840.310.220.150.460.290.46-0.380.950.98
-0.51-0.51-0.52-0.51-0.41-0.28-0.76-0.51-0.97-0.490.00.2-0.4-0.34-0.54-0.39-0.52-0.94-0.1-0.76-0.94-0.960.19-0.44-0.46
0.950.920.940.910.97-0.280.810.940.260.91-0.2-0.470.980.670.010.780.250.110.120.290.170.34-0.280.910.93
0.940.940.940.940.9-0.760.810.940.70.91-0.15-0.30.890.550.280.780.410.590.210.670.630.75-0.380.870.92
1.00.990.990.980.99-0.510.940.940.470.98-0.12-0.360.980.60.110.850.360.310.160.550.370.55-0.410.960.98
0.470.480.480.480.37-0.970.260.70.470.470.09-0.280.370.390.620.30.580.93-0.040.770.910.97-0.150.450.44
0.980.960.970.960.97-0.490.910.910.980.470.08-0.40.950.60.110.850.450.260.070.580.320.54-0.440.960.97
-0.12-0.15-0.11-0.16-0.160.0-0.2-0.15-0.120.090.08-0.26-0.170.040.14-0.030.56-0.15-0.530.18-0.190.05-0.130.01-0.13
-0.39-0.27-0.46-0.26-0.390.2-0.47-0.3-0.36-0.28-0.4-0.26-0.41-0.94-0.08-0.38-0.76-0.150.60.07-0.13-0.25-0.2-0.46-0.29
0.980.960.970.960.99-0.40.980.890.980.370.95-0.17-0.410.640.080.790.30.210.140.430.270.44-0.360.940.97
0.620.520.680.510.62-0.340.670.550.60.390.60.04-0.940.640.090.570.730.28-0.450.10.280.390.080.670.53
0.10.110.090.10.04-0.540.010.280.110.620.110.14-0.080.080.09-0.110.210.540.190.320.490.550.130.070.08
0.860.790.870.80.84-0.390.780.780.850.30.85-0.03-0.380.790.57-0.110.440.180.110.410.260.43-0.340.820.8
0.380.280.430.270.31-0.520.250.410.360.580.450.56-0.760.30.730.210.440.4-0.640.390.360.54-0.080.470.28
0.310.330.330.330.22-0.940.110.590.310.930.26-0.15-0.150.210.280.540.180.40.070.640.990.90.010.250.28
0.140.20.10.220.15-0.10.120.210.16-0.040.07-0.530.60.14-0.450.190.11-0.640.070.090.130.05-0.25-0.090.18
0.540.580.510.580.46-0.760.290.670.550.770.580.180.070.430.10.320.410.390.640.090.690.82-0.490.510.55
0.370.380.390.390.29-0.940.170.630.370.910.32-0.19-0.130.270.280.490.260.360.990.130.690.92-0.020.30.33
0.550.550.550.550.46-0.960.340.750.550.970.540.05-0.250.440.390.550.430.540.90.050.820.92-0.190.520.52
-0.4-0.37-0.36-0.38-0.380.19-0.28-0.38-0.41-0.15-0.44-0.13-0.2-0.360.080.13-0.34-0.080.01-0.25-0.49-0.02-0.19-0.35-0.38
0.960.930.950.930.95-0.440.910.870.960.450.960.01-0.460.940.670.070.820.470.25-0.090.510.30.52-0.350.94
0.981.00.971.00.98-0.460.930.920.980.440.97-0.13-0.290.970.530.080.80.280.280.180.550.330.52-0.380.94
Click cells to compare fundamentals

Progressive Corp Account Relationship Matchups

Progressive Corp fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets54.9B64.1B71.1B70.2B84.3B88.5B
Short Long Term Debt Total4.4B5.4B4.9B6.5B7.1B7.4B
Total Stockholder Equity13.7B17.0B18.2B15.9B20.3B21.3B
Net Debt4.2B5.3B4.7B6.3B7.0B7.3B
Retained Earnings10.7B13.4B15.3B15.7B18.8B19.7B
Common Stock Shares Outstanding586.7M587.2M587.6M587.1M587.5M620.5M
Liabilities And Stockholders Equity54.9B64.1B71.1B70.2B84.3B88.5B
Non Current Liabilities Total21.6B24.1B27.4B29.8B34.4B36.2B
Other Stockholder Equity1.6B1.7B1.8B1.9B2.0B2.1B
Total Liab41.2B47.1B52.9B54.3B64.0B67.3B
Property Plant And Equipment Net1.2B1.1B1.1B1.2B1.1B780.9M
Non Current Assets Total41.1B49.3B53.2B50.6B60.5B63.5B
Non Currrent Assets Other(70.3M)(86.9M)(65.1)(6.7B)(8.7B)(9.2B)
Other Assets(32.0B)(39.4B)(41.3B)1.00.90.95
Net Receivables10.9B12.2B14.4B16.2B17.1B17.9B
Total Current Assets45.8B54.2B59.2B19.7B23.9B25.0B
Cash226.2M76.5M187.1M220.9M99.6M92.9M
Cash And Short Term Investments35.1B42.1B45.0B9.0B62.3B65.4B
Short Term Investments34.9B42.0B44.8B8.7B11.4B10.2B
Accumulated Other Comprehensive Income341.7M931.7M40.7M(2.8B)(1.6B)(1.5B)
Common Stock584.6M585.2M584.4M584.9M585.3M446.3M
Other Current Liab(6.5B)(5.0B)(6.0B)19.0B29.6B31.1B
Total Current Liabilities16.3B19.6B21.2B24.5B29.6B15.1B
Common Stock Total Equity583.2M584.6M585.2M584.4M672.1M445.3M
Property Plant And Equipment Gross1.1B1.1B1.2B1.1B1.3B834.7M
Other Liab5.9M9.5B8.0B297.8M268.0M254.6M
Accounts Payable6.0B5.0B6.0B5.5B6.4B6.7B
Long Term Debt4.4B5.4B4.9B6.4B6.9B7.2B
Property Plant Equipment1.2B1.1B1.3B1.2B1.3B1.0B
Retained Earnings Total Equity8.4B10.7B13.4B15.3B17.6B18.5B
Inventory(9.9B)(19.5B)(16.4B)(25.2B)(79.3B)(75.3B)
Intangible Assets228.3M171.4M117.3M314.2M361.3M227.0M
Net Tangible Assets12.7B15.9B17.7B15.1B17.3B10.6B
Long Term Debt Total4.4B5.4B4.9B6.4B7.3B3.8B
Capital Surpluse1.6B1.7B1.8B1.9B2.2B1.5B
Long Term Investments39.4B47.7B51.5B53.5B66.0B69.3B
Non Current Liabilities Other26.1B30.5B34.0B41.9B48.2B50.6B
Other Current Assets9.7B19.4B16.3B19.7B23.9B25.0B

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When determining whether Progressive Corp is a strong investment it is important to analyze Progressive Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Progressive Corp's future performance. For an informed investment choice regarding Progressive Stock, refer to the following important reports:
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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

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When running Progressive Corp's price analysis, check to measure Progressive Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Progressive Corp is operating at the current time. Most of Progressive Corp's value examination focuses on studying past and present price action to predict the probability of Progressive Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Progressive Corp's price. Additionally, you may evaluate how the addition of Progressive Corp to your portfolios can decrease your overall portfolio volatility.
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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
1.424
Dividend Share
1.15
Earnings Share
6.59
Revenue Per Share
106.142
Quarterly Revenue Growth
0.254
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.