Progress Software (FRA:PGR) COGS-to-Revenue : 0.18 (As of Feb. 2024)

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What is Progress Software COGS-to-Revenue?

Progress Software's Cost of Goods Sold for the three months ended in Feb. 2024 was €30.4 Mil. Its Revenue for the three months ended in Feb. 2024 was €171.2 Mil.

Progress Software's COGS to Revenue for the three months ended in Feb. 2024 was 0.18.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Progress Software's Gross Margin % for the three months ended in Feb. 2024 was 82.24%.

Progress Software COGS-to-Revenue Historical Data

The historical data trend for Progress Software's COGS-to-Revenue 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 COGS-to-Revenue Chart

Progress Software Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

COGS-to-Revenue

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0.18

0.14

0.15

0.16

0.18

Progress Software Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
COGS-to-Revenue	Get a 7-Day Free Trial															0.16	0.19	0.19	0.19	0.18

Progress Software COGS-to-Revenue Calculation

Progress Software's COGS to Revenue for the fiscal year that ended in Nov. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	116.958	/	641.662
	=	0.18

Progress Software's COGS to Revenue for the quarter that ended in Feb. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	30.414	/	171.203
	=	0.18

Progress Software (FRA:PGR) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Progress Software's Gross Margin % for the three months ended in Feb. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	30.414 / 171.203
	=	82.24 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

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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.