QuinStreet Inc (QNST)
Days of sales outstanding (DSO)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 5.49 | 8.56 | 7.14 | 6.32 | 7.18 | |
| DSO | days | 66.54 | 42.66 | 51.14 | 57.71 | 50.82 |
June 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.49
= 66.54
QuinStreet Inc's Days Sales Outstanding (DSO) has shown fluctuations over the past five years.
In the most recent fiscal year ended June 30, 2024, the DSO was 66.54 days, which represents an increase compared to the prior year's DSO of 42.66 days. This indicates that the company took longer to collect its accounts receivable in 2024 compared to 2023.
The DSO of 66.54 days in 2024 is also higher than the DSO figures from the two preceding years, suggesting a potential inefficiency in accounts receivable management.
Although the DSO for 2024 increased, it is worth noting that it is still lower compared to the DSO for 2021 and 2020, where the company took 57.71 days and 50.82 days, respectively, to collect its accounts receivable.
Overall, a higher DSO may indicate potential issues with collections or credit policies, and it will be important for QuinStreet Inc to closely monitor and manage its accounts receivable turnover to ensure timely payments and maintain healthy cash flow.
Peer comparison
Jun 30, 2024