Progress Software (STU:PGR) Accounts Payable & Accrued Expense : €33.7 Mil (As of Feb. 2024)

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What is Progress Software Accounts Payable & Accrued Expense?

Progress Software's quarterly accounts payable & accrued expense increased from Aug. 2023 (€38.5 Mil) to Nov. 2023 (€40.0 Mil) but then declined from Nov. 2023 (€40.0 Mil) to Feb. 2024 (€33.7 Mil).

Progress Software's annual accounts payable & accrued expense increased from Nov. 2021 (€32.5 Mil) to Nov. 2022 (€33.5 Mil) and increased from Nov. 2022 (€33.5 Mil) to Nov. 2023 (€40.0 Mil).

Progress Software Accounts Payable & Accrued Expense Historical Data

The historical data trend for Progress Software's Accounts Payable & Accrued Expense 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 Accounts Payable & Accrued Expense Chart

Progress Software Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Accounts Payable & Accrued Expense

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34.60

28.83

32.50

33.51

39.96

Progress Software Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															39.10	38.52	38.53	39.96	33.74

Progress Software Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Progress Software (STU:PGR) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Progress Software Corp (STU:PGR) » Definitions » Accounts Payable & Accrued Expense

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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.