Progress Software (FRA:PGR) Days Payable : 30.94 (As of Feb. 2024)

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What is Progress Software Days Payable?

Progress Software's average Accounts Payable for the three months ended in Feb. 2024 was €10.3 Mil. Progress Software's Cost of Goods Sold for the three months ended in Feb. 2024 was €30.4 Mil. Hence, Progress Software's Days Payable for the three months ended in Feb. 2024 was 30.94.

The historical rank and industry rank for Progress Software's Days Payable or its related term are showing as below:

FRA:PGR' s Days Payable Range Over the Past 10 Years
Min: 26.67 Med: 55.71 Max: 113.51
Current: 26.67

During the past 13 years, Progress Software's highest Days Payable was 113.51. The lowest was 26.67. And the median was 55.71.

FRA:PGR's Days Payable is ranked worse than
71.3% of 2526 companies
in the Software industry
Industry Median: 50.42 vs FRA:PGR: 26.67

Progress Software's Days Payable declined from Feb. 2023 (35.18) to Feb. 2024 (30.94). It may suggest that Progress Software accelerated paying its suppliers.

Progress Software Days Payable Historical Data

The historical data trend for Progress Software's Days Payable 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 Days Payable Chart

Progress Software Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Days Payable

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50.70

62.64

44.94

34.63

32.05

Progress Software Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															35.18	24.02	22.06	28.51	30.94

Competitive Comparison of Progress Software's Days Payable

For the Software - Infrastructure subindustry, Progress Software's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Progress Software's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Progress Software's Days Payable distribution charts can be found below:

* The bar in red indicates where Progress Software's Days Payable falls into.

Progress Software Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Progress Software's Days Payable for the fiscal year that ended in Nov. 2023 is calculated as

	Days Payable (A: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Nov. 2022 )	+	Accounts Payable (A: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2023 )	*	Days in Period
=	( (9.106	+	11.431)	/	2 )	/	116.958	*	365
=	10.2685					/	116.958	*	365
=	32.05

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

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (11.431	+	9.197)	/	2 )	/	30.414	*	365 / 4
=	10.314					/	30.414	*	365 / 4
=	30.94

Progress Software Days Payable Related Terms

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Progress Software (FRA:PGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Progress Software Corp (FRA:PGR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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.