| PRGS Stock | | | USD 68.41 0.85 1.26% |
Progress Software financial indicator trend analysis is much more than just breaking down Progress Software prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Progress Software is a good investment. Please check the relationship between Progress Software Gross Profit and its Cost Of Revenue accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Progress Software. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
For more information on how to buy Progress Stock please use our
How to Invest in Progress Software guide.
Gross Profit vs Cost Of Revenue
Gross Profit vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Progress Software Gross Profit account and
Cost Of Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Progress Software's Gross Profit and Cost Of Revenue is 0.93. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Progress Software, assuming nothing else is changed. The correlation between historical values of Progress Software's Gross Profit and Cost Of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Progress Software are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Gross Profit i.e., Progress Software's Gross Profit and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 0.93 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Progress Software minus its cost of goods sold. It is profit before Progress Software operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Cost Of Revenue
Cost of Revenue is found on Progress Software income statement and represents the costs associated with goods and services Progress Software provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most indicators from Progress Software's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Progress Software 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 Progress Software. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
For more information on how to buy Progress Stock please use our
How to Invest in Progress Software guide.At this time, Progress Software's
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 13.6
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 23.2
M in 2024.
Progress Software fundamental ratios Correlations
Click cells to compare fundamentals
Progress Software Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Progress Software fundamental ratios Accounts
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Additional Tools for Progress Stock Analysis
When running Progress Software's price analysis, check to
measure Progress Software'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 Progress Software is operating at the current time. Most of Progress Software's value examination focuses on studying past and present price action to
predict the probability of Progress Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Progress Software's price. Additionally, you may evaluate how the addition of Progress Software to your portfolios can decrease your overall portfolio volatility.