This feature was released for Item automations, but the Subitem automation builder lacks the same recipe ability.
Examples:
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Update an Item’s status to “Completed” if all Subitem statuses are “completed” OR Subitem statuses are “n/a”.
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Update an Item’s status to “In Progress” if all Subitem statuses are “anything” and Subitem Status is not “completed” and subitem Status is not “not started.”