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
DateValue
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