PROG Holdings Inc

NYSE PRG

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PROG Holdings Inc Tangible Asset Value Ratio 2 year CAGR for the quarter ending September 30, 2023: -43.52%

PROG Holdings Inc Tangible Asset Value Ratio 2 year CAGR is -43.52% for the quarter ending September 30, 2023, a 13.53% change year over year. The tangible asset value ratio measures the proportion of tangible assets to total assets. It is calculated by dividing the tangible assets by the total assets. This ratio indicates the significance of tangible assets, such as property, plant, and equipment, in the company's total asset structure. A higher ratio suggests a higher proportion of tangible assets relative to total assets. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

PROG Holdings Inc Tangible Asset Value Ratio for the quarter ending March 31, 2023 was 0.12, a -3.68% change year over year.
PROG Holdings Inc Tangible Asset Value Ratio for the quarter ending March 31, 2022 was 0.12, a -71.09% change year over year.
PROG Holdings Inc Tangible Asset Value Ratio for the quarter ending March 31, 2021 was 0.43, a 38.58% change year over year.
PROG Holdings Inc Tangible Asset Value Ratio for the quarter ending March 31, 2020 was 0.31.

NYSE: PRG

PROG Holdings Inc

CEO	Mr. Steven A. Michaels
IPO Date	Sept. 7, 1984
Location	United States
Headquarters	256 West Data Drive, Draper, UT, United States, 84020-2315
Employees	1,606
Sector	Industrials
Industry	Rental & leasing services

Description

PROG Holdings, Inc., a financial technology holding company, provides payment options to consumers. It operates through three segments: Progressive Leasing, Vive, and Four. The company owns Progressive Leasing, an in-store, app-based, and e-commerce point-of-sale lease-to-own solutions provider; and Vive Financial, an omnichannel provider of second-look revolving credit products. It also offers buy now pay later payment options through four interest-free installments; and Build, a credit building financial management tool. The company was formerly known as Aaron's Holdings Company, Inc. and changed its name to PROG Holdings, Inc. in December 2020. PROG Holdings, Inc. was founded in 1955 and is based in Draper, Utah.

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