QuinStreet Inc (QNST)

Days of sales outstanding (DSO)

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Receivables turnover		8.05	5.49	8.57	7.15	6.58
DSO	days	45.32	66.54	42.59	51.06	55.48

June 30, 2025 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.05
= 45.32

The Days of Sales Outstanding (DSO) for QuinStreet Inc has exhibited notable fluctuations over the analyzed period from June 30, 2021, to June 30, 2025. As of June 30, 2021, the DSO stood at approximately 55.48 days, indicating that, on average, it took QuinStreet nearly 55.5 days to collect payments from its customers. By June 30, 2022, this figure decreased to approximately 51.06 days, reflecting an improvement in receivables collection efficiency. The downward trend persisted into June 30, 2023, with the DSO further decreasing to approximately 42.59 days, signifying an even more efficient collection process.

However, this positive trend reversed markedly in the subsequent year. By June 30, 2024, the DSO increased significantly to around 66.54 days, suggesting a deterioration in the accounts receivable collection cycle. This rise could indicate potential challenges such as extended payment terms, delays in customer payments, or changes in credit policies. Interestingly, by June 30, 2025, the DSO decreased again to approximately 45.32 days, approaching earlier levels, which may point to corrective measures or improved collection practices being implemented.

Overall, QuinStreet Inc's DSO displayed a pattern of initial improvement, followed by a substantial increase, and then a partial recovery within the specified timeframe. The fluctuations highlight periods of varying cash flow efficiency, with implications for working capital management and liquidity considerations.