Progress Software (FRA:PGR) Days Sales Outstanding : 52.92 (As of Feb. 2024)

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What is Progress Software Days Sales Outstanding?

Progress Software's average Accounts Receivable for the three months ended in Feb. 2024 was €99.3 Mil. Progress Software's Revenue for the three months ended in Feb. 2024 was €171.2 Mil. Hence, Progress Software's Days Sales Outstanding for the three months ended in Feb. 2024 was 52.92.

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

FRA:PGR' s Days Sales Outstanding Range Over the Past 10 Years
Min: 50.53 Med: 59.72 Max: 74.14
Current: 50.53

During the past 13 years, Progress Software's highest Days Sales Outstanding was 74.14. The lowest was 50.53. And the median was 59.72.

FRA:PGR's Days Sales Outstanding is ranked better than
64.08% of 2728 companies
in the Software industry
Industry Median: 61.85 vs FRA:PGR: 50.53

Progress Software's Days Sales Outstanding declined from Feb. 2023 (54.48) to Feb. 2024 (52.92).

Progress Software Days Sales Outstanding Historical Data

The historical data trend for Progress Software's Days Sales Outstanding 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.

* Premium members only.

Progress Software Days Sales Outstanding Chart

Progress Software Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Days Sales Outstanding

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57.79

66.84

62.16

56.68

60.36

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 Sales Outstanding	Get a 7-Day Free Trial															54.48	46.57	48.81	57.96	52.92

Competitive Comparison of Progress Software's Days Sales Outstanding

For the Software - Infrastructure subindustry, Progress Software's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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 Sales Outstanding Distribution in the Software Industry

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

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

Progress Software Days Sales Outstanding Calculation

Days Sales Outstanding measures 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.

Accounts Receivable can be measured by Days Sales Outstanding.

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

	Days Sales Outstanding (A: Nov. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Nov. 2022 )	+	Accounts Receivable (A: Nov. 2023 ))	/	count )	/	Revenue (A: Nov. 2023 )	*	Days in Period
=	( (95.975	+	116.262)	/	2 )	/	641.662	*	365
=	106.1185					/	641.662	*	365
=	60.36

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

	Days Sales Outstanding (Q: Feb. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Nov. 2023 )	+	Accounts Receivable (A: Feb. 2024 ))	/	count )	/	Revenue (A: Feb. 2024 )	*	Days in Period
=	( (116.262	+	82.328)	/	2 )	/	171.203	*	365 / 4
=	99.295					/	171.203	*	365 / 4
=	52.92

Progress Software (FRA:PGR) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Progress Software Days Sales Outstanding Related Terms

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Progress Software (FRA:PGR) Business Description

Industry

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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.