Progress Software Corporation (PRGS)
Cash conversion cycle
| Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | — | — | — | — | — | — | — | 19.48 | 18.40 | 11.49 | 66.55 | 70.98 | — | — | — |
| Days of sales outstanding (DSO) | days | 101.65 | 72.74 | 73.19 | 73.21 | 96.04 | 62.67 | 59.24 | 60.24 | 81.88 | 71.09 | 67.38 | 74.57 | 77.00 | 68.70 | 61.21 | 74.74 | 86.31 | 74.99 | 66.89 | 81.79 |
| Number of days of payables | days | 31.00 | 26.40 | 20.74 | 37.46 | 38.91 | 30.84 | 23.83 | 27.19 | 35.67 | 27.36 | 24.36 | 39.17 | 35.85 | 30.60 | 40.99 | 35.08 | 391.83 | 32.19 | 59.00 | 56.55 |
| Cash conversion cycle | days | 70.65 | 46.34 | 52.45 | 35.75 | 57.13 | 31.84 | 35.41 | 33.05 | 46.21 | 43.73 | 43.02 | 35.40 | 60.62 | 56.49 | 31.71 | 106.22 | -234.54 | 42.80 | 7.89 | 25.23 |
November 30, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + 101.65 – 31.00
= 70.65
Peer comparison
Nov 30, 2025
Company name
Symbol
Cash conversion cycle
Progress Software Corporation
PRGS
70.65
Calix Inc
CALX
112.53
F5 Networks Inc
FFIV
44.62
Nutanix Inc
NTNX
-38.87
Palo Alto Networks Inc
PANW
111.07
Synopsys Inc
SNPS
-106.72