Progress Software Corporation (PRGS)

Days of inventory on hand (DOH)

		Nov 30, 2024	Aug 31, 2024	May 31, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020
Inventory turnover		—	—	—	—	—	—	—	—	18.74	19.84	31.77	26.39	22.09	—	—	—	—	—	—	—
DOH	days	—	—	—	—	—	—	—	—	19.48	18.40	11.49	13.83	16.52	—	—	—	—	—	—	—

November 30, 2024 calculation

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

Progress Software Corporation's days of inventory on hand (DOH) is a measure that indicates how many days, on average, the company holds its inventory before selling it. It helps to assess the efficiency of inventory management.

Looking at the data provided:
- The DOH for November 30, 2021, was 16.52 days, indicating that on average, Progress Software Corporation held its inventory for about 16.52 days before selling it.
- The DOH decreased to 13.83 days by February 28, 2022, and further decreased to 11.49 days by May 31, 2022, suggesting an improvement in inventory turnover efficiency during this period.
- However, the DOH increased notably to 18.40 days by August 31, 2022, and further increased to 19.48 days by November 30, 2022. This increase may indicate potential issues with inventory management efficiency or changes in the business environment.
- There is missing data for future periods, so it's difficult to assess the trend beyond November 2022.

Overall, the fluctuations in Progress Software Corporation's DOH indicate changes in inventory management efficiency during the periods analyzed. Investors and stakeholders may want to monitor this metric to ensure that inventory levels are effectively managed to support the company's operations and financial performance.