Qualys Inc (QLYS)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 108.79 | 36.61 | 69.01 | 108.38 | 81.98 | |
| Number of days of payables | days | 3.36 | 9.97 | 5.29 | 3.37 | 4.45 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 108.79
= 3.36
Qualys Inc's number of days of payables has fluctuated over the past five years. The company's payables outstanding stood at 3.36 days as of December 31, 2023, which represents a significant decrease compared to 9.97 days in 2022. This indicates that the company is taking fewer days to pay its suppliers, potentially improving its cash flow position.
In 2021, the number of days of payables was 5.29 days, showing a decrease from 2020, where it was at 3.37 days. However, there was a slight increase compared to the previous year. This could suggest that the company was managing its payables more efficiently in 2020.
Moreover, in 2019, Qualys Inc had a number of days of payables at 4.45 days. This indicates that the company's payables turnover improved compared to 2020 but was higher than the most recent year.
Overall, the trend in the number of days of payables for Qualys Inc shows some variability, with the company managing to reduce its payables outstanding in the most recent year. A lower number of days of payables can suggest effective working capital management practices and potentially improved liquidity for the company.
Peer comparison
Dec 31, 2023