Qualys Inc (QLYS)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		3.79	4.02	3.77	3.62	4.12
DSO	days	96.26	90.78	96.76	100.74	88.56

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 3.79
= 96.26

Based on the data provided, Qualys Inc's Days of Sales Outstanding (DSO) have fluctuated over the past five years. DSO is a measure of how long it takes a company to collect revenue after making a sale. In 2023, the DSO stood at 96.26 days, showing a slight increase compared to the previous year's value of 90.78 days. This suggests that Qualys Inc took slightly longer to collect its accounts receivable in 2023.

Looking at the trend over the five-year period, we observe that DSO peaked in 2020 at 100.74 days before decreasing in 2021 and then increasing again in 2023. The lowest DSO was recorded in 2019 at 88.56 days. Fluctuations in DSO can indicate changes in a company's credit policies, collection processes, or customer payment behavior.

In summary, Qualys Inc's DSO has shown variability over the past five years, with some improvement in collection efficiency in certain years and a slight deterioration in others. Monitoring DSO trends can provide insights into the company's liquidity, operational efficiency, and effectiveness in managing accounts receivable. Additional analysis and comparison with industry benchmarks may be beneficial to assess the company's performance in this area.