PRGS has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
PRGS has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Progress Software's Total Assets for the quarter that ended in May. 2024 was $1,586.4 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 -5.40% 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%.
Total Assets is connected with ROA %. Progress Software's annualized ROA % for the quarter that ended in May. 2024 was 4.13%. Total Assets is also linked to Revenue through Asset Turnover. Progress Software's Asset Turnover for the quarter that ended in May. 2024 was 0.11.
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.
Progress Software Annual Data | |||||||||||||||||||||
Trend | Nov14 | Nov15 | Nov16 | Nov17 | Nov18 | Nov19 | Nov20 | Nov21 | Nov22 | Nov23 | |||||||||||
Total Assets | Get a 7-Day Free Trial | 881.27 | 1,041.78 | 1,363.54 | 1,411.48 | 1,602.78 |
Progress Software Quarterly Data | ||||||||||||||||||||
Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | May24 | |
Total Assets | Get a 7-Day Free Trial | 1,601.89 | 1,597.47 | 1,602.78 | 1,547.77 | 1,586.38 |
Total Assets are all the assets a company owns.
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
Total Assets | = | Total Equity (A: Nov. 2023 ) | + | Total Liabilities (A: Nov. 2023 ) |
= | 459.715 | + | 1143.068 | |
= | 1,602.8 |
Progress Software's Total Assets for the quarter that ended in May. 2024 is calculated as
Total Assets | = | Total Equity (Q: May. 2024 ) | + | Total Liabilities (Q: May. 2024 ) |
= | 401.667 | + | 1184.708 | |
= | 1,586.4 |
* 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 (NAS:PRGS) Total Assets Explanation
Total Assets is connected with ROA %.
Progress Software's annualized ROA % for the quarter that ended in May. 2024 is
ROA % | = | Net Income (Q: May. 2024 ) | / | ( (Total Assets (Q: Feb. 2024 ) | + | Total Assets (Q: May. 2024 )) | / count ) |
= | 64.752 | / | ( (1547.769 | + | 1586.375) | / 2 ) | |
= | 64.752 | / | 1567.072 | ||||
= | 4.13 % |
Note: The Net Income data used here is four times the quarterly (May. 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 May. 2024 is
Asset Turnover | ||||||
= | Revenue (Q: May. 2024 ) | / | ( (Total Assets (Q: Feb. 2024 ) | + | Total Assets (Q: May. 2024 )) | / count ) |
= | 175.077 | / | ( (1547.769 | + | 1586.375) | / 2 ) |
= | 175.077 | / | 1567.072 | |||
= | 0.11 |
* 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.
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.
Domenic Lococo | officer: Chief Accounting Officer | C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730 |
Sundar Subramanian | officer: EVP/GM DevSecOps | C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730 |
Ian Pitt | officer: Chief Information Officer | C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730 |
Kathryn Kulikoski | officer: CHIEF PEOPLE OFFICER | C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730 |
Yufan Stephanie Wang | officer: Chief Legal Officer | C/O PROGRESS SOFTWARE CORPORATION, 15 WAYSIDE ROAD, SUITE 400, BURLINGTON MA 01803 |
Anthony Folger | officer: Chief Financial Officer | C/O CARBONITE, INC., 177 HUNTINGTON AVENUE, BOSTON MA 02115 |
Loren Jarrett | officer: Chief Marketing Officer | C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DR., BEDFORD MA 01730 |
Charles Francis Kane | director | 14 OAK PARK DRIVE, BEDFORD MA 01730 |
Yogesh K Gupta | director, officer: Chief Executive Officer | C/O PROGRESS SOFTWARE CORPORATION, 15 WAYSIDE ROAD, SUITE 400, BURLINGTON MA 01803 |
Jeremy Segal | officer: Senior Vice President | C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730 |
Jennifer Ortiz | officer: EVP, Corporate Marketing | C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DRIVE, BEDFORD MA 01730 |
John R Egan | director | 176 SOUTH ST., HOPKINTON MA 01748 |
John Ainsworth | officer: Senior Vice President | C/O PROGRESS SOFTWARE CORPORATION, 14 OAK PARK DR., BEDFORD MA 01730 |
Gary Quinn | officer: Senior Vice President | C/O COMPUTER ASSOCIATES INTER INC, ONE COMPUTER ASSOC PLAZA, ISLANDIA NY 11749 |
Ranier Gawlick | director | 5540 PIONEER CREEK DRIVE, MAPLE PLAIN MN 55359 |
From GuruFocus
By Marketwired • 10-10-2023
By GuruFocus Research • 09-27-2023
By Marketwired • 11-01-2023
By sperokesalga sperokesalga • 04-18-2023
By sperokesalga sperokesalga • 06-15-2023
By Marketwired • 09-26-2023
By PRNewswire • 11-20-2023
By sperokesalga sperokesalga • 06-14-2023
By sperokesalga sperokesalga • 03-24-2023
By Stock market mentor Stock market mentor • 01-19-2023
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.