Qualys Inc (QLYS)

Working capital turnover

		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
Revenue (ttm)	US$ in thousands	607,946	593,325	581,454	569,580	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
Total current assets	US$ in thousands	585,691	536,617	527,758	605,411	599,998	562,178	508,181	464,748	473,338	522,733	551,740	573,184	546,398	452,853	468,242	464,056	475,345	405,532	448,107	425,138
Total current liabilities	US$ in thousands	428,390	388,536	371,829	391,065	389,208	370,491	369,120	352,958	352,188	334,030	327,389	318,538	304,280	284,692	272,708	259,744	255,730	239,055	235,098	234,235
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

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $607,946K ÷ ($585,691K – $428,390K)
= 3.86

Qualys Inc's working capital turnover has shown fluctuations over the periods analyzed. The working capital turnover ratio indicates how efficiently the company is utilizing its working capital to generate revenue.

From March 31, 2020, to December 31, 2020, the ratio fluctuated between 1.61 and 2.12, indicating some variability in the efficiency of Qualys Inc in managing its working capital during this period.

From March 31, 2021, to March 31, 2022, the ratio remained relatively stable, hovering between 1.68 and 1.83. This suggests that the company maintained a consistent level of efficiency in utilizing its working capital to support its operations.

In the subsequent periods, from June 30, 2022, to December 31, 2024, the working capital turnover ratio witnessed an increasing trend, reaching a peak of 4.04 on December 31, 2022. This significant improvement indicates a substantial enhancement in Qualys Inc's ability to generate revenue using its working capital efficiently during this period.

Overall, the trend in Qualys Inc's working capital turnover reflects both fluctuations and improvements in the company's management of working capital to support its business activities and generate revenue effectively.