Progress Software Corporation (PRGS)
Days of inventory on hand (DOH)
| 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 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | 18.74 | 19.84 | 31.77 | 26.39 | 22.09 | — | — | — | — | — | — | — | — | — | — | |
| DOH | days | — | — | — | — | — | 19.48 | 18.40 | 11.49 | 13.83 | 16.52 | — | — | — | — | — | — | — | — | — | — |
February 29, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The days of inventory on hand (DOH) for Progress Software Corporation has shown some fluctuations over the past few quarters, ranging from around 11.49 days to 19.48 days. The company's inventory management efficiency improved notably from August 2022 to May 2022, as seen in the decrease in DOH from 18.40 days to 11.49 days. However, this efficiency seemed to dip slightly in subsequent periods, with the DOH increasing to 13.83 days in February 2022 and further to 16.52 days in November 2021.
Unfortunately, data for some periods is missing, making it challenging to provide a more continuous trend analysis. Nonetheless, it is essential for Progress Software Corporation to closely monitor its inventory levels and strive for consistent improvement in managing its inventory efficiently to optimize working capital and minimize carrying costs.
Peer comparison
Feb 29, 2024