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