QuinStreet Inc (QNST)

Fixed asset turnover

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Revenue	US$ in thousands	613,514	580,624	582,099	578,487	490,339
Property, plant and equipment	US$ in thousands	19,858	16,749	9,311	6,849	5,657
Fixed asset turnover		30.90	34.67	62.52	84.46	86.68

June 30, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $613,514K ÷ $19,858K
= 30.90

QuinStreet Inc's fixed asset turnover has shown a decreasing trend over the past five years. The ratio has decreased from 86.68 in 2020 to 30.90 in 2024. This decline indicates that the company is generating less revenue from its fixed assets in recent years. A lower fixed asset turnover could signify either a decrease in sales relative to fixed assets or an increase in the value of fixed assets on the balance sheet. Further analysis of the company's financial performance and operational efficiency is recommended to understand the reasons behind this decreasing trend in fixed asset turnover.