Progress Software Corp's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the third quarter 2026 to a ratio of 6.81, above the company average. This is a clear sign of healthy business climate in the Software & Programming industry and improving liquidity at their respective customers, during the third quarter 2026. Average receivable collection period, for the Progress Software in Aug 31 2026 quarter, has decreased to 54 days, compared to 56 days, in the May 31 2026 quarter.

If we take a look into Technology sector 274 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Aug 31 2026 from 2102 to 2147.

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What is Receivable Turnover Ratio?

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PRGS Receivables Turnover Ratio	(Aug 31 2026) III. Quarter	(May 31 2026) II. Quarter	(Feb 28 2026) I. Quarter	(Nov 30 2025) IV. Quarter	(Aug 31 2025) III. Quarter
Y / Y Receivable Change	-21.54 %	-10.64 %	16.81 %	19.69 %	72.71 %
Y / Y Revenue Change	-1.31 %	6.92 %	3.85 %	17.51 %	39.55 %
Receivable Turnover Ratio (TTM)	6.81	6.47	6.21	6.37	6.46
PRGS's Total Ranking	# 2147	# 2102	# 1942	# 57	# 1749
Accounts Receivable average collection period days	54	56	59	57	56
Seq. Receivable Change	-5.11 %	-15.18 %	-24.6 %	29.29 %	8.07 %
Seq. Revenue Change	-2.94 %	2.64 %	-2.45 %	1.56 %	5.14 %

Receivable Turnover Company Ranking
Within:	No.
Software & Programming Industry	# 85
Technology Sector	# 275
Overall Market	# 2147

Receivable Turnover Ratio Statistics
High	Average	Low
7.9	6.54	3.69
(Aug 31 2018)		(Nov 30 2011)

PRGS Company Profile • Back to PRGS Efficiency Comparisons • Compare PRGS Receivables Turnover Ratio to its Competitors

Financial Statements
Progress Software's Accounts Receivable	$ 119 Millions	Visit PRGS's Balance sheet
Progress Software's Sales TTM	$ 1,000 Millions	Visit PRGS's Income Statement
Sources of PRGS's Revenues		Visit PRGS's Sales by Geography

Other Accounts Receivable Turnover Ratios
Software & Programming Industry Accounts Receivable Turnover Trends and Statistics
Technology Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
PRGS's Receivable Turnover Ratio versus Software & Programming Industry, Technology Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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PRGS's Growth Rates	PRGS's Roa	PRGS's Inventory Turnover Ratio	PRGS's Dividend Comparisons
PRGS's Profitability Ratios	PRGS's Roi	PRGS's Asset Turnover Ratio	PRGS's Dividend Growth
PRGS's Valuation Ratios	PRGS's Roe	PRGS's Financial Strength Ratios	PRGS's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Aug 31 2026, within Technology Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Aug 31 2026	Receivable at quarter ending Aug 31 2026
Applied Digital Corporation	17.59	$ 853.850 Millions	$ 48.554 Millions
Adobe Inc	12.21	$ 25,970.000 Millions	$ 2,127.500 Millions
Oracle Corporation	7.14	$ 73,266.000 Millions	$ 10,264.000 Millions
Progress Software Corp	6.81	$ 999.545 Millions	$ 146.854 Millions
Micron Technology Inc	5.68	$ 133,188.000 Millions	$ 23,450.250 Millions
Jingbo Technology Inc	4.00	$ 1.238 Millions	$ 0.310 Millions
Blackberry Limited	3.89	$ 614.000 Millions	$ 157.825 Millions

Date modified: 2026-10-05T11:03:42+00:00

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