Qualys Inc (QLYS)

Payables turnover

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
Cost of revenue (ttm) US$ in thousands 107,485 108,103 107,356 105,740 102,788 98,768 95,255 91,761 89,439 86,932 85,072 82,411 79,226 75,168 71,657 70,303 69,517 69,879 69,282 67,993
Payables US$ in thousands 988 1,165 2,160 1,740 2,808 1,308 2,132 2,477 1,296 1,099 1,597 1,164 731 2,223 1,395 653 848 909 963 566
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

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $107,485K ÷ $988K
= 108.79

Payables turnover is a financial ratio that measures the number of times a company pays off its accounts payable during a specific period. A higher payables turnover ratio suggests that a company is efficiently managing its payables by paying them off quickly.

Analyzing the payables turnover of Qualys Inc from Q1 2022 to Q4 2023, we observe fluctuations in the ratio. In Q4 2023, the payables turnover was 108.79, indicating that Qualys Inc paid off its accounts payable approximately 109 times during the quarter. This represents a significant increase from the previous quarter's ratio of 92.79 in Q3 2023.

The higher payables turnover in Q4 2023 could imply that Qualys Inc effectively managed its payables by making payments more frequently or negotiating favorable payment terms with its suppliers. This trend suggests improved liquidity management and potential positive relationships with its vendors.

It is essential to consider the industry norms and compare Qualys Inc's payables turnover with its competitors to gain a more comprehensive understanding of its payment practices. Further analysis of other liquidity and efficiency ratios would provide additional insight into the company's overall financial health and operational efficiency.


Peer comparison

Dec 31, 2023