Q2 Holdings (QTWO)

Working capital 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
Total current assets	US$ in thousands	558,660	427,964	531,076	522,450	616,216
Total current liabilities	US$ in thousands	398,900	191,563	192,042	168,358	145,826
Working capital turnover		4.36	2.64	1.67	1.41	0.86

December 31, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $696,464K ÷ ($558,660K – $398,900K)
= 4.36

Dec 31, 2024

Company name

Symbol

Working capital turnover

Q2 Holdings

QTWO

4.36