QuinStreet Inc (QNST)
Days of inventory on hand (DOH)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | — | 122.14 | 68.77 | 34.21 | |
| DOH | days | — | — | 2.99 | 5.31 | 10.67 |
June 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
QuinStreet Inc's days of inventory on hand (DOH) has shown a declining trend over the past five years, indicating an improvement in inventory management efficiency. The company had 10.67 days worth of inventory on hand as of June 30, 2020, which decreased to 5.31 days as of June 30, 2021, and further decreased to 2.99 days as of June 30, 2022.
A decreasing trend in DOH signifies that the company is selling its inventory more quickly, which can lead to reduced carrying costs and lower risk of obsolescence. QuinStreet Inc seems to be managing its inventory effectively by maintaining lower levels and turning over its inventory faster.
However, it is important to note that excessively low DOH can potentially indicate stockouts or challenges in meeting customer demand promptly. Therefore, QuinStreet Inc should continue to monitor its inventory levels closely to ensure a balance between efficiency and meeting customer needs.
Peer comparison
Jun 30, 2024