Progress Software Corporation (PRGS)

Inventory turnover

		Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020	Nov 30, 2019
Cost of revenue	US$ in thousands	126,577	94,496	78,449	62,114	75,241
Inventory	US$ in thousands	—	5,043	3,551	0	—
Inventory turnover		—	18.74	22.09	—	—

November 30, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $126,577K ÷ $—K
= —

I'm sorry, but it seems that the data for Progress Software Corp.'s inventory turnover for the specified years is not available in the provided table. In order to conduct a detailed and comprehensive analysis of Progress Software Corp.'s inventory turnover, the specific inventory turnover ratios for each year would be required. If you could provide the inventory turnover ratios for the years in question, I would be happy to assist in analyzing the trend and performance of Progress Software Corp.'s inventory turnover over the specified period.