Progress Software Corporation (PRGS)

Inventory turnover

		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
Cost of revenue (ttm)	US$ in thousands	133,169	126,577	116,445	107,322	97,501	94,496	92,045	88,317	83,670	78,449	75,600	70,270	65,219	62,114	64,649	70,736	74,088	75,241	71,206	67,077
Inventory	US$ in thousands	0	—	0	0	—	5,043	4,640	2,780	3,171	3,551	—	—	—	0	—	—	—	—	—	—
Inventory turnover		—	—	—	—	—	18.74	19.84	31.77	26.39	22.09	—	—	—	—	—	—	—	—	—	—

February 29, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $133,169K ÷ $0K
= —

Progress Software Corporation's inventory turnover has shown a fluctuating trend over the past two years. In the latest available data, the inventory turnover for the company was not disclosed, indicating a lack of data for that particular period. Prior to this, the inventory turnover was relatively stable, with values ranging from 18.74 to 31.77 over the past eight quarters.

The inventory turnover ratio measures how efficiently a company is managing its inventory by indicating how many times inventory is sold and replaced within a specific period. A higher turnover ratio generally indicates that a company is selling its products quickly and efficiently.

Given the lack of data for the most recent period, it is challenging to provide a comprehensive analysis of the current state of Progress Software Corporation's inventory management. However, based on historical trends, the company has maintained a relatively healthy inventory turnover ratio over the past two years, suggesting efficient management of its inventory levels.

It would be beneficial to analyze more recent data and trends to assess any potential changes in the company's inventory turnover performance and to gain a clearer understanding of how Progress Software Corporation is managing its inventory in the current business environment.