Q2 Holdings (Q2 Holdings) Days Payable : 19.48 (As of Dec. 2023)

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What is Q2 Holdings Days Payable?

Q2 Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $17.2 Mil. Q2 Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $80.7 Mil. Hence, Q2 Holdings's Days Payable for the three months ended in Dec. 2023 was 19.48.

The historical rank and industry rank for Q2 Holdings's Days Payable or its related term are showing as below:

QTWO' s Days Payable Range Over the Past 10 Years
Min: 12.18 Med: 17.44 Max: 25.15
Current: 16.45

During the past 13 years, Q2 Holdings's highest Days Payable was 25.15. The lowest was 12.18. And the median was 17.44.

QTWO's Days Payable is ranked worse than
84.26% of 2523 companies
in the Software industry
Industry Median: 51.26 vs QTWO: 16.45

Q2 Holdings's Days Payable increased from Dec. 2022 (12.33) to Dec. 2023 (19.48). It may suggest that Q2 Holdings delayed paying its suppliers.

Q2 Holdings Days Payable Historical Data

The historical data trend for Q2 Holdings's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Q2 Holdings Days Payable Chart

Q2 Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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22.62

15.08

12.33

12.18

16.67

Q2 Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															12.33	13.71	15.86	16.51	19.48

Competitive Comparison of Q2 Holdings's Days Payable

For the Software - Application subindustry, Q2 Holdings's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Q2 Holdings's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Q2 Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Q2 Holdings's Days Payable falls into.

Q2 Holdings Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Q2 Holdings's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (10.055	+	19.353)	/	2 )	/	321.973	*	365
=	14.704					/	321.973	*	365
=	16.67

Q2 Holdings's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (15.113	+	19.353)	/	2 )	/	80.725	*	365 / 4
=	17.233					/	80.725	*	365 / 4
=	19.48

Q2 Holdings Days Payable Related Terms

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Q2 Holdings (Q2 Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Q2 Holdings Inc (NYSE:QTWO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

0Q2:Germany

Address

10355 Pecan Park Boulevard, Austin, TX, USA, 78729

Website

https://www.q2ebanking.com

Q2 Holdings Inc. is a provider of cloud-based virtual banking solutions for regional financial institutions to deliver mobile banking services to retail and commercial end-users who wish to bank anywhere and anytime. Its solutions operate on an integrated tablet-first platform which provides financial institutions a comprehensive view of account holder activity and meets the regulatory and security requirements applicable to the industry. The firm generates revenue from subscription-based arrangements for software offerings, typically for five years. A large majority of the firm's revenue is generated in the United States.

Executives

John E Breeden	officer: EVP, Operations	10355 PECAN PARK BOULEVARD, AUSTIN TX 78729
Kirk L Coleman	officer: Chief Banking Officer	10355 PECAN PARK BLVD, AUSITN TX 78729
Kim Rutledge	officer: SVP, Human Resources	10355 PECAN PARK BOULEVARD, AUSTIN TX 78729
James Offerdahl	director	11501 DOMAIN DRIVE, SUITE 200, AUSTIN TX 78758
Michael A. Volanoski	officer: Chief Revenue Officer	10355 PECAN PARK BOULEVARD, AUSTIN TX 78729
David J Mehok	officer: Chief Financial Officer	10355 PECAN PARK BOULEVARD, AUSTIN TX 78729
R. H. Seale	director, 10 percent owner, officer: Chairman	10355 PECAN PARK BOULEVARD, AUSTIN TX 78729
Michael S Kerr	officer: SVP, General Counsel	10355 PECAN PARK BOULEVARD, AUSTIN TX 78729
Jonathan Price	officer: SVP, Corp and Business Dev	10355 PECAN PARK BOULEVARD, AUSTIN TX 78729
Matthew P Flake	director, officer: President and CEO	10355 PECAN PARK BOULEVARD CONTACT STREE, AUSTIN TX 78729
Barry G Benton	officer: SVP, General Counsel	10355 PECAN PARK BOULEVARD, AUSTIN TX 78729
Lynn Antipas Tyson	director	10355 PECAN PARK BOULEVARD, AUSTIN TX 78729
Rebecca Lynn Atchison	director	10355 PECAN PARK BOULEVARD, AUSTIN TX 78729
Adam D Anderson	officer: EVP, Chief Technology Officer	13785 RESEARCH BLVD., SUITE 150, AUSTIN TX 78750
Bharath Oruganti	officer: SVP, Service Delivery	C/O SHORETEL, INC., 960 STEWART DRIVE, SUNNYVALE CA 94085