Q2 Holdings (QTWO)

Payables turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cost of revenue US$ in thousands 341,983 321,973 309,328 273,685 228,152
Payables US$ in thousands 9,354 19,353 10,055 10,597 7,887
Payables turnover 36.56 16.64 30.76 25.83 28.93

December 31, 2024 calculation

Payables turnover = Cost of revenue ÷ Payables
= $341,983K ÷ $9,354K
= 36.56