QuinStreet Inc (QNST)

Days of sales outstanding (DSO)

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Receivables turnover		5.49	5.47	7.35	8.29	8.56	5.65	8.05	7.50	7.14	7.54	9.18	6.77	6.32	6.61	7.29	7.28	7.18	6.75	6.94	6.28
DSO	days	66.54	66.67	49.63	44.04	42.66	64.59	45.35	48.67	51.14	48.38	39.76	53.89	57.71	55.22	50.04	50.17	50.82	54.06	52.62	58.08

June 30, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.49
= 66.54

Days Sales Outstanding (DSO) is a financial ratio that indicates the average number of days it takes a company to collect revenue after a sale has been made. In the case of QuinStreet Inc, we observe fluctuations in the DSO over the past few quarters.

The DSO for QuinStreet Inc was 66.54 days at the end of June 2024, which was relatively consistent with the previous quarter at 66.67 days. However, these figures show an increase compared to December 2023, where the DSO was 49.63 days. This suggests that the company may be taking longer to collect revenue from its sales during the most recent periods.

Looking further back, the DSO was relatively lower in December 2022 at 45.35 days and increased in subsequent quarters before decreasing again. QuinStreet Inc's DSO has shown some volatility over the past few years, indicating potential fluctuations in their accounts receivable management and collection efficiency.

It is important to monitor DSO trends over time to assess the effectiveness of the company's credit policies, collection efforts, and overall liquidity management. High or increasing DSO levels can indicate potential cash flow issues or difficulties in collecting payments from customers. On the other hand, a decreasing DSO may signal improved efficiency in accounts receivable management.