Q2 Holdings (QTWO)
Cash conversion cycle
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | 45.62 | 36.87 | 47.17 | 49.25 |
| Days of sales outstanding (DSO) | days | 26.19 | 30.44 | 35.90 | 35.73 | 34.00 |
| Number of days of payables | days | 9.98 | 21.94 | 11.86 | 14.13 | 12.62 |
| Cash conversion cycle | days | 16.21 | 54.12 | 60.91 | 68.77 | 70.63 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + 26.19 – 9.98
= 16.21
Peer comparison
Dec 31, 2024
Company name
Symbol
Cash conversion cycle
Q2 Holdings
QTWO
16.21
Adobe Systems Incorporated
ADBE
-20.71
Bentley Systems Inc
BSY
61.49
Fair Isaac Corporation
FICO
-54.61
Guidewire Software Inc
GWRE
59.11
PTC Inc
PTC
133.39