Progress Software Corporation (PRGS)

Days of inventory on hand (DOH)

		Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020
Inventory turnover		—	—	18.74	22.09	—
DOH	days	—	—	19.48	16.52	—

November 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

Progress Software Corporation's days of inventory on hand (DOH) has shown a fluctuating trend over the past few years.

As of November 30, 2020, the DOH was not determinable, potentially due to missing or unavailable data. In the subsequent year, as of November 30, 2021, the DOH was calculated at 16.52 days, indicating that on average, the company held its inventory for approximately 16.52 days before selling it.

By November 30, 2022, the DOH had increased to 19.48 days, suggesting a longer period of time for the company to sell its inventory. This increase may raise concerns about potential obsolescence or inefficiencies in inventory management.

However, as there is no data available for the years 2023 and 2024, it becomes challenging to track the trend further and draw comprehensive conclusions regarding the company's inventory management efficiency during those years.

In conclusion, the fluctuating nature of Progress Software Corporation's DOH highlights the importance of closely monitoring inventory levels and turnover to ensure optimal efficiency and profitability in the company's operations.