Progress Software (PRGS) Change in Inventory (2021 - 2023)
Progress Software (PRGS) posted quarterly Change in Inventory of -$280000.0 for Q4 2023, down 195.89% year-over-year from $292000.0 in Q4 2022, and up 60.73% on a QoQ basis from -$713000.0 in Q3 2023.
Progress Software (PRGS) Change in Inventory (2021 - 2023) Analysis & Trends
Progress Software (PRGS) has reported Change in Inventory for 3 consecutive years, with -$280000.0 the latest figure, recorded in Q4 2023.
- In Q4 2023, Change in Inventory fell 195.89% year-over-year to -$280000.0; the TTM figure through Aug 2024 stood at -$280000.0 (up 85.39% YoY), while the FY2023 annual figure was -$2.5 million, down 259.96% from the prior year.
- Change in Inventory came in at -$280000.0 for Q4 2023 at Progress Software, up from -$713000.0 in the prior quarter.
- The five-year high for Change in Inventory was $2.0 million in Q3 2022, with the low at -$2.1 million in Q2 2023.
- Average Change in Inventory over 3 years is -$130888.9, with a median of -$280000.0 recorded in 2023.
- The largest YoY upside for Change in Inventory was 244.5% in 2023 against a maximum downside of 556.25% in 2023.
- Year by year, Change in Inventory stood at -$245000.0 in 2021, then soared by 219.18% to $292000.0 in 2022, then slumped by 195.89% to -$280000.0 in 2023.
- According to Business Quant data, Change in Inventory over the past three periods registered -$280000.0, -$713000.0, and -$2.1 million for Q4 2023, Q3 2023, and Q2 2023 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 161.00 Mn |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | - |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | - |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | - |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | - |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | -23.60 Mn |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | - |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 29.38 Mn |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | - |
| 10 | Progress Software | 1.65 Bn | 1.54 Bn | 203.94 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Nov 30, 2023 | -280,000.00 |
| Nov 30, 2023 | -280,000.00 |
| Aug 31, 2023 | -713,000.00 |
| Aug 31, 2023 | -713,000.00 |
| May 31, 2023 | -2.10 Mn |
| May 31, 2023 | -2.10 Mn |
| Feb 28, 2023 | 604,000.00 |
| Feb 28, 2023 | 604,000.00 |
| Nov 30, 2022 | 292,000.00 |
| Nov 30, 2022 | 292,000.00 |
| Aug 31, 2022 | 2.00 Mn |
| Aug 31, 2022 | 2.00 Mn |
| May 31, 2022 | -320,000.00 |
| May 31, 2022 | -320,000.00 |
| Feb 28, 2022 | -418,000.00 |
| Feb 28, 2022 | -418,000.00 |
| Nov 30, 2021 | -245,000.00 |
| Nov 30, 2021 | -245,000.00 |