Q2 Holdings (QTWO)
Cash conversion cycle
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | — | 45.62 | 40.84 | 42.63 | 44.31 | 36.87 | — | — | — | 47.17 | 46.26 | 49.99 | 52.60 | 49.25 | 56.46 |
| Days of sales outstanding (DSO) | days | 33.58 | 34.93 | 26.19 | 35.20 | 37.98 | 36.02 | 30.44 | 33.14 | 30.49 | 30.98 | 35.90 | 37.03 | 33.75 | 27.99 | 35.73 | 42.01 | 32.18 | 31.68 | 34.00 | 41.46 |
| Number of days of payables | days | 6.36 | 15.11 | 9.71 | 13.97 | 15.27 | 13.92 | 21.94 | 17.15 | 16.20 | 16.09 | 11.86 | 14.12 | 16.00 | 17.24 | 14.13 | 7.42 | 16.36 | 21.84 | 12.62 | 26.99 |
| Cash conversion cycle | days | 27.22 | 19.82 | 16.48 | 21.23 | 22.71 | 22.10 | 54.12 | 56.83 | 56.93 | 59.20 | 60.91 | 22.91 | 17.75 | 10.75 | 68.77 | 80.85 | 65.81 | 62.45 | 70.63 | 70.93 |
June 30, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + 33.58 – 6.36
= 27.22
Peer comparison
Jun 30, 2025
Company name
Symbol
Cash conversion cycle
Q2 Holdings
QTWO
27.22
Bentley Systems Inc
BSY
42.39
Guidewire Software Inc
GWRE
59.31