Progress Software Corporation (PRGS)
Days of inventory on hand (DOH)
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | 18.74 | 22.09 | — | — | |
| DOH | days | — | 19.48 | 16.52 | — | — |
November 30, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
I'm sorry, but it seems that the table provided does not contain the specific data for the days of inventory on hand (DOH) for Progress Software Corp. for the years listed. In order to conduct a comprehensive analysis of the DOH ratio, I would require the specific numerical values for inventory and cost of goods sold for each year. Once this data is available, I can calculate the DOH ratio and provide a detailed analysis based on the formula:
DOH = (Average Inventory / Cost of Goods Sold) * 365
I can then interpret the DOH ratio to assess the efficiency of Progress Software Corp.'s inventory management and provide insights into the company's inventory turnover and potential impact on cash flow and profitability.
Peer comparison
Nov 30, 2023