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