Qualys Inc (QLYS)
Cash conversion cycle
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | 96.26 | 90.78 | 96.76 | 100.74 | 88.56 |
| Number of days of payables | days | 3.36 | 9.97 | 5.29 | 3.37 | 4.45 |
| Cash conversion cycle | days | 92.91 | 80.80 | 91.47 | 97.37 | 84.11 |
December 31, 2023 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + 96.26 – 3.36
= 92.91
The cash conversion cycle for Qualys Inc has shown fluctuations over the past five years. In 2023, the cash conversion cycle increased to 92.91 days from 80.80 days in 2022. This represents a negative trend as it indicates a longer time for the company to convert its investments in inventory and other resources back into cash.
Comparing to the prior years, the cash conversion cycle in 2021 was 91.47 days, slightly lower than in 2023. In 2020, there was a notable increase to 97.37 days, reflecting a longer cycle compared to the most recent data. The lowest cash conversion cycle was recorded in 2019 at 84.11 days.
Overall, the trend in the cash conversion cycle for Qualys Inc has been somewhat volatile, with fluctuations in the time it takes for the company to convert its investments into cash. Further analysis and investigation into the company's inventory management, accounts receivable, and accounts payable processes may provide insights into the factors driving these fluctuations.
Peer comparison
Dec 31, 2023