Progress Software (FRA:PGR) Change In Receivables : €15.5 Mil (TTM As of Feb. 2024)

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What is Progress Software Change In Receivables?

Progress Software's change in receivables for the quarter that ended in Feb. 2024 was €28.2 Mil. It means Progress Software's Accounts Receivable declined by €28.2 Mil from Nov. 2023 to Feb. 2024 .

Progress Software's change in receivables for the fiscal year that ended in Nov. 2023 was €11.2 Mil. It means Progress Software's Accounts Receivable declined by €11.2 Mil from Nov. 2022 to Nov. 2023 .

Progress Software's Accounts Receivable for the quarter that ended in Feb. 2024 was €82.3 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Progress Software's Days Sales Outstanding for the three months ended in Feb. 2024 was 43.88.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Progress Software's liquidation value for the three months ended in Feb. 2024 was €-821.5 Mil.

Progress Software Change In Receivables Historical Data

The historical data trend for Progress Software's Change In Receivables can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Progress Software Change In Receivables Chart

Progress Software Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Change In Receivables

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-22.31

9.04

-9.63

-26.74

11.20

Progress Software Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Change In Receivables	Get a 7-Day Free Trial															24.13	9.98	-4.78	-17.89	28.23

Progress Software Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €15.5 Mil.

Progress Software (FRA:PGR) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Progress Software's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	82.328	/	171.203	*	91
=	43.88

2. In Ben Graham's calculation of liquidation value, Progress Software's accounts receivable are only considered to be worth 75% of book value:

Progress Software's liquidation value for the quarter that ended in Feb. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	123.497	-	1006.746	+	0.75 * 82.328	+	0.5 * 0
=	-821.5

Progress Software Change In Receivables Related Terms

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Progress Software (FRA:PGR) Business Description

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PRGS:USA

Address

15 Wayside Road, Suite 400, Burlington, MA, USA, 01803

Website

https://www.progress.com

Progress Software Corporation is a provider of cloud-based security solutions to large- and mid-sized organizations in a wide range of industries. Its product includes OpenEdge; Chef; Developer Tools; Kemp LoadMaster; MOVEit; DataDirect; WhatsUp Gold; Sitefinity; Flowmon and Corticon. The company derives revenue from perpetual licenses to its products, but some products also use term licensing models. Its cloud-based offerings use a subscription-based model. A majority of the firm's revenue is generated in the United States and also has a presence in Canada, the Middle East, and Africa (EMEA), Latin America, and Asia Pacific.