Qualys Inc (QLYS)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | 72.07 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 3.79 | 5.23 | 4.20 | 4.98 | 4.02 | 4.75 | 4.59 | 4.79 | 3.77 | 4.70 | 4.47 | 4.38 | 3.62 | 5.49 | 4.51 | 4.57 | 4.12 | 5.07 | 4.75 | 4.26 |
| 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 |
| Working capital turnover | 2.63 | 2.82 | 3.77 | 4.54 | 4.04 | 2.48 | 2.00 | 1.68 | 1.70 | 2.36 | 1.97 | 1.83 | 1.65 | 2.12 | 1.61 | 1.74 | 1.87 | 1.87 | 1.74 | 1.66 |
Qualys Inc's activity ratios provide insights into the efficiency with which the company is managing its assets and liabilities.
1. Receivables turnover: This ratio indicates how quickly the company is able to collect payments from its customers. The receivables turnover has been relatively consistent over the quarters, ranging from 3.79 to 5.23. A higher turnover ratio signifies that Qualys is collecting payments from customers quickly, which is positive for cash flow and liquidity.
2. Payables turnover: The payables turnover ratio measures how efficiently the company is paying its suppliers. Qualys has shown varying payables turnover ratios across the quarters, with a peak of 108.79 in Q4 2023. A higher ratio indicates that the company is effectively managing its payables, potentially benefiting from favorable credit terms.
3. Working capital turnover: This ratio reflects how efficiently Qualys is using its working capital to generate sales revenue. The company's working capital turnover has fluctuated, with Q1 2023 and Q4 2022 showing the highest ratios. A higher turnover ratio suggests that Qualys is effectively utilizing its working capital to drive sales, which may indicate operational efficiency.
Overall, Qualys Inc's activity ratios demonstrate mixed efficiency in managing its assets and liabilities. The company's relatively consistent receivables turnover and fluctuating payables turnover indicate the need for further analysis to assess the effectiveness of its working capital management strategies.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | 5.06 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | 96.26 | 69.81 | 86.96 | 73.28 | 90.78 | 76.88 | 79.59 | 76.18 | 96.76 | 77.63 | 81.72 | 83.29 | 100.74 | 66.51 | 80.94 | 79.80 | 88.56 | 71.93 | 76.84 | 85.60 |
| 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 |
Days of inventory on hand (DOH) was not provided in the data.
Days of sales outstanding (DSO) measures how long it takes for a company to collect payment on its sales. A decreasing trend in DSO over time indicates that Qualys Inc has been able to collect payments from customers more quickly, which is a positive sign for its liquidity and cash flow management.
Number of days of payables represents how long it takes for a company to pay its suppliers. A decreasing trend in the number of days of payables can indicate that Qualys Inc is paying its suppliers more quickly, potentially to take advantage of discounts or strengthen relationships with suppliers.
Overall, the company seems to be improving its efficiency in collecting payments from customers and managing its payables, which suggests better cash flow management. To get a more complete picture of Qualys Inc's efficiency, it would be beneficial to also consider the DOH ratio and compare these ratios to industry benchmarks.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 17.01 | 14.95 | 12.99 | 11.23 | 10.33 | 8.69 | 7.75 | 6.75 | 6.65 | 6.26 | 5.83 | 5.82 | 5.60 | 5.22 | 5.43 | 5.13 | 5.31 | 5.30 | 5.06 | 4.78 |
| Total asset turnover | 0.68 | 0.72 | 0.74 | 0.75 | 0.70 | 0.63 | 0.57 | 0.53 | 0.50 | 0.52 | 0.52 | 0.51 | 0.49 | 0.50 | 0.48 | 0.49 | 0.48 | 0.50 | 0.46 | 0.45 |
The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. In the case of Qualys Inc, we can see an increasing trend in the fixed asset turnover ratio over the past eight quarters, from 6.75 in Q1 2022 to 17.01 in Q4 2023. This indicates that the company is generating more revenue per dollar of fixed assets invested, which is a positive sign of operational efficiency.
On the other hand, the total asset turnover ratio measures how effectively a company is using all its assets to generate revenue. Qualys Inc's total asset turnover ratio has also shown an increasing trend over the same period, from 0.53 in Q1 2022 to 0.68 in Q4 2023. This suggests that the company is becoming more efficient in generating sales in relation to its total assets.
Overall, the improving trends in both the fixed asset turnover and total asset turnover ratios indicate that Qualys Inc is effectively using its assets to generate revenue and is improving its operational efficiency over time. This is a positive indicator of the company's financial health and management effectiveness in utilizing its resources.