Q2 Holdings's average Accounts Receivable for the
three
months ended in Dec. 2023 was $43.7 Mil. Q2 Holdings's Revenue for the
three
months ended in Dec. 2023 was $162.1 Mil.
Hence, Q2 Holdings's Days Sales Outstanding for the
three
months ended in Dec. 2023 was 24.58.
The historical rank and industry rank for Q2 Holdings's Days Sales Outstanding or its related term are showing as below:
QTWO'
s Days Sales Outstanding Range Over the Past 10 Years
Min: 23.5 Med: 26 Max: 32.45
Current: 24.84
During the past 13 years, Q2 Holdings's highest Days Sales Outstanding was 32.45. The lowest was 23.50. And the median was 26.00.
QTWO's Days Sales Outstanding is ranked better than 89.36% of 2726
companies
in the Software industry
Industry Median: 62.175
vs QTWO: 24.84
Q2 Holdings's Days Sales Outstanding
declined
from Dec. 2022 (30.93) to Dec. 2023 (24.58).
Q2 Holdings Days Sales Outstanding Historical Data
The historical data trend for Q2 Holdings's Days Sales Outstanding 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.
Competitive Comparison of Q2 Holdings's Days Sales Outstanding
For the Software - Application subindustry, Q2 Holdings's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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 Sales Outstanding Distribution in the Software Industry
For the Software industry and Technology sector, Q2 Holdings's Days Sales Outstanding distribution charts can be found below:
* The bar in red indicates where Q2 Holdings's Days Sales Outstanding falls into.
Q2 Holdings Days Sales Outstanding Calculation
Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.
* 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.
Q2 Holdings (NYSE:QTWO) Days Sales Outstanding Explanation
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Q2 Holdings Days Sales Outstanding Related Terms
Thank you for viewing the detailed overview of Q2 Holdings's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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