Qualys Inc (QLYS)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | 72.07 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 3.86 | 4.01 | 3.73 | 2.66 | 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 |
Qualys Inc's inventory turnover ratio for September 30, 2023, was 72.07, signifying that the company effectively sold and replaced its inventory 72.07 times during that period. This high ratio indicates efficient management of inventory levels.
The receivables turnover ratio and payables turnover ratio are not provided for the available periods, making it challenging to assess the efficiency of collecting receivables and paying vendors.
The working capital turnover ratio has shown fluctuations over the years, with a significant increase from 1.74 on March 31, 2020, to 3.86 on December 31, 2024. This implies that the company has been able to generate higher revenue relative to its working capital, indicating improved operational efficiency and potentially better utilization of resources.
Overall, Qualys Inc's activity ratios suggest strong inventory management and improving efficiency in utilizing working capital over the years. Further data on receivables and payables turnover would provide a more comprehensive analysis of the company's operational performance.
Average number of days
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | 5.06 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Qualys Inc's Days of Inventory on Hand (DOH) for September 30, 2023, stood at 5.06 days. This indicates that on average, the company held inventory for approximately 5 days before selling it during that period. A lower DOH value suggests efficient inventory management, as it indicates that inventory turnover is high.
The Days of Sales Outstanding (DSO) and Number of Days of Payables data are not available for analysis as they are marked as "— days" for all the periods provided.
In conclusion, based on the available data, Qualys Inc appears to have a relatively low Days of Inventory on Hand, reflecting efficient inventory management practices. However, further analysis of DSO and payables turnover would provide a more comprehensive view of the company's overall activity ratios and working capital management.
Long-term
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | — | 12.99 | 11.23 | 10.33 | 8.69 | 4.91 | 6.75 | 4.16 | 6.26 | 3.61 | 5.82 | 5.60 | 5.22 | 5.43 | 5.39 |
| Total asset turnover | 0.62 | 0.65 | 0.66 | 0.66 | 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 |
The fixed asset turnover ratio for Qualys Inc has shown a generally increasing trend over the years, indicating that the company has been able to generate more revenue from its fixed assets. The ratio started at 5.39 in March 2020 and peaked at 12.99 in June 2023. However, there was a decline in the ratio to 4.16 in December 2021 followed by fluctuations in subsequent periods. The significant increase to 8.69 in September 2022 and 10.33 in December 2022 suggest improved efficiency in utilizing fixed assets.
On the other hand, the total asset turnover ratio has fluctuated over the same period, starting at 0.49 in March 2020, reaching a peak of 0.75 in March 2023, and then declining to 0.62 in December 2024. The ratio indicates that Qualys Inc generated $0.62 in revenue for every $1 of assets in December 2024. The variations in the total asset turnover ratio may reflect changes in the company's asset structure or business operations over time.
Overall, while the fixed asset turnover ratio has shown a more consistent improvement, the total asset turnover ratio has exhibited more volatility. By examining both ratios, we can assess Qualys Inc's effectiveness in utilizing its assets to generate revenue and manage its long-term assets efficiently.