Qualys Inc (QLYS)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 554,458 | 489,723 | 411,172 | 362,963 | 321,607 |
| Receivables | US$ in thousands | 146,226 | 121,795 | 108,998 | 100,179 | 78,034 |
| Receivables turnover | 3.79 | 4.02 | 3.77 | 3.62 | 4.12 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $554,458K ÷ $146,226K
= 3.79
The receivables turnover ratio for Qualys Inc has fluctuated over the past five years, ranging from 3.62 to 4.12. The ratio indicates how efficiently the company is able to collect outstanding receivables from its customers during a specific period. A higher receivables turnover ratio generally suggests that the company is collecting its accounts receivable more quickly.
In this case, the trend shows that the receivables turnover ratio slightly decreased from 4.12 in 2019 to 3.79 in 2023, with some fluctuations in between. While the slight decrease may indicate a lower efficiency in collecting receivables in 2023 compared to 2019, it is crucial to consider industry benchmarks and the company's specific circumstances for a more in-depth analysis.
Overall, the trend in Qualys Inc's receivables turnover ratio suggests a relatively stable performance in managing its accounts receivable over the past five years. However, further analysis and comparison with industry peers would provide a more comprehensive understanding of the company's receivables management efficiency.
Peer comparison
Dec 31, 2023