Progress Software's Total Assets for the quarter that ended in Feb. 2024 was €1,434.8 Mil.
Warning Sign:
If a company builds assets at 22.5% a year, faster than its revenue growth rate of 14% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Progress Software's average Total Assets Growth Rate was -7.00% per year.
During the past 3 years, the average Total Assets Growth Rate was 16.40% per year.
During the past 5 years, the average Total Assets Growth Rate was 22.50% per year.
During the past 10 years, the average Total Assets Growth Rate was 13.00% per year.
During the past 13 years, Progress Software's highest 3-Year average Total Assets Growth Rate was 95.20%. The lowest was -11.70%. And the median was 11.05%.
The historical data trend for Progress Software's Total Assets 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.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
Progress Software's Total Assets for the fiscal year that ended in Nov. 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.
Progress Software (STU:PGR) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Feb. 2024) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
Progress Software's Asset Turnover for the quarter that ended in Feb. 2024 is
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Progress Software Total Assets Related Terms
Thank you for viewing the detailed overview of Progress Software's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Progress Software Corporation is a provider of cloud-based security solutions to large- and mid-sized organizations in a wide range of industries. Its product includes OpenEdge; Chef; Developer Tools; Kemp LoadMaster; MOVEit; DataDirect; WhatsUp Gold; Sitefinity; Flowmon and Corticon. The company derives revenue from perpetual licenses to its products, but some products also use term licensing models. Its cloud-based offerings use a subscription-based model. A majority of the firm's revenue is generated in the United States and also has a presence in Canada, the Middle East, and Africa (EMEA), Latin America, and Asia Pacific.
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