Q2 Holdings (QTWO)

Receivables turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 696,464 624,624 565,673 498,720 402,751
Receivables US$ in thousands 49,972 52,092 55,644 48,824 37,518
Receivables turnover 13.94 11.99 10.17 10.21 10.73

December 31, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $696,464K ÷ $49,972K
= 13.94