Qualys Inc (QLYS)
Number of days of payables
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 108.79 | 92.79 | 49.70 | 60.77 | 36.61 | 75.51 | 44.68 | 37.05 | 69.01 | 79.10 | 53.27 | 70.80 | 108.38 | 33.81 | 51.37 | 107.66 | 81.98 | 76.87 | 71.94 | 120.13 | |
| Number of days of payables | days | 3.36 | 3.93 | 7.34 | 6.01 | 9.97 | 4.83 | 8.17 | 9.85 | 5.29 | 4.61 | 6.85 | 5.16 | 3.37 | 10.79 | 7.11 | 3.39 | 4.45 | 4.75 | 5.07 | 3.04 |
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 eight quarters. In Q4 2023, the number of days of payables was 3.36 days, which decreased compared to Q3 2023 when it was 3.93 days. This suggests that the company took fewer days to pay its suppliers in Q4 2023.
Looking further back, the number of days of payables in Q4 2023 was also lower than in Q2 2023 and Q1 2023, indicating a trend of improving efficiency in paying off its obligations. However, compared to Q4 2022 and Q2 2022, when the number of days of payables was 9.97 days and 8.17 days respectively, Qualys Inc has shown significant improvement in managing its payables by Q4 2023.
Overall, the trend in the number of days of payables suggests that Qualys Inc has been more effective in managing its payment terms with suppliers in recent quarters, potentially improving its working capital management and cash flow position.
Peer comparison
Dec 31, 2023