Qualys Inc (QLYS)

Receivables 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
Revenue (ttm) US$ in thousands 554,458 540,737 524,302 506,986 489,723 468,654 448,027 427,836 411,172 396,193 384,328 373,456 362,963 352,826 342,428 332,527 321,607 311,143 300,130 289,354
Receivables US$ in thousands 146,226 103,428 124,912 101,786 121,795 98,717 97,692 89,294 108,998 84,267 86,044 85,222 100,179 64,291 75,938 72,696 78,034 61,314 63,184 67,863
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

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $554,458K ÷ $146,226K
= 3.79

Qualys Inc's receivables turnover has shown variability over the last eight quarters. The company's receivables turnover ratio ranged from 3.79 to 5.23 during this period. A higher receivables turnover ratio indicates that Qualys Inc is collecting its accounts receivable more efficiently.

In the most recent quarter, Q4 2023, the receivables turnover ratio was 3.79, indicating a slight decrease in the efficiency of collecting accounts receivable compared to the previous quarter. This may raise concerns about the company's ability to collect outstanding receivables promptly.

On the other hand, the highest receivables turnover ratio was observed in Q3 2023 at 5.23, reflecting a strong performance in collecting accounts receivable efficiently. The consistency of maintaining a receivables turnover ratio above 4 in most quarters suggests that Qualys Inc has been effectively managing its accounts receivable turnover.

Overall, while the company has experienced fluctuations in its receivables turnover ratio, it is essential for Qualys Inc to monitor and manage its accounts receivable effectively to ensure a healthy cash flow and minimize credit risks.


Peer comparison

Dec 31, 2023