Capex-to-Revenue measures a company's investments in physical assets such as property, industrial buildings or equipment to its revenue.
Progressive's Capital Expenditure for the
three
months ended in Dec. 2023 was $-82.10 Mil. Its Revenue for the
three
months ended in Dec. 2023 was $16,883.80 Mil.
Hence, Progressive's Capex-to-Revenue for the
three
months ended in Dec. 2023 was 0.01.
Progressive Capex-to-Revenue Historical Data
The historical data trend for Progressive's Capex-to-Revenue can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Progressive's Capex-to-Revenue
For the Insurance - Property & Casualty subindustry, Progressive's Capex-to-Revenue, along with its competitors' market caps and Capex-to-Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Progressive's Capex-to-Revenue Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Progressive's Capex-to-Revenue distribution charts can be found below:
* The bar in red indicates where Progressive's Capex-to-Revenue falls into.
Progressive Capex-to-Revenue Calculation
Progressive's Capex-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Capex-to-Revenue measures a company's investments in physical assets such as property, industrial buildings or equipment to its revenue. The ratio shows how aggressively the company reinvests its revenue back into productive assets. However, a high ratio potentially indicates that the company has invested too much in innovation and infrastructure, taking up funds that could be used to boost productivity and increase revenue. Therefore, a high Capex to Revenue Ratio could be a positive or a negative sign depending on how effectively a company converts those investments into future earnings.
Progressive Capex-to-Revenue Related Terms
Thank you for viewing the detailed overview of Progressive's Capex-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Progressive underwrites private and commercial auto insurance and specialty lines; it has about 18 million personal auto policies in force and is one of the largest auto insurers in the United States. Progressive markets its policies through independent insurance agencies in the U.S. and Canada and directly via the internet and telephone. Its premiums are split roughly equally between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.
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