Progress Software Corporation (PRGS)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 9.38 | 11.84 | 15.32 | 13.42 | 10.23 | 13.34 | 14.98 | 9.32 | 10.18 | 11.93 | 8.91 | 10.41 | 8.10 | 11.34 | 6.19 | 6.45 | 6.23 | 10.15 | 8.02 | 7.25 | |
| Number of days of payables | days | 38.91 | 30.84 | 23.83 | 27.19 | 35.67 | 27.36 | 24.36 | 39.17 | 35.85 | 30.60 | 40.99 | 35.08 | 45.05 | 32.19 | 59.00 | 56.55 | 58.63 | 35.98 | 45.49 | 50.32 |
November 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.38
= 38.91
Progress Software Corporation's number of days of payables has fluctuated over the past few years. The trend shows a general decreasing pattern from around 50 days in February 2020 to around 30 days in August 2024. This suggests that the company is taking fewer days to pay its suppliers, which can be indicative of improved cash flow management or negotiation power with suppliers. However, there have been occasional spikes in the number of days of payables, such as in November 2020 and May 2021, indicating potential delays in payment processing during those periods. Overall, monitoring this metric can provide insights into the company's efficiency in managing its accounts payable and working capital.
Peer comparison
Nov 30, 2024