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
Peer comparison
Dec 31, 2024
Company name
Symbol
Payables turnover
Q2 Holdings
QTWO
36.56
Bentley Systems Inc
BSY
15.64
Guidewire Software Inc
GWRE
15.64