QuinStreet Inc (QNST)

Fixed asset turnover

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Revenue	US$ in thousands	1,093,710	613,514	580,624	582,099	578,487
Property, plant and equipment	US$ in thousands	—	—	20,285	16,112	17,832
Fixed asset turnover		—	—	28.62	36.13	32.44

June 30, 2025 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,093,710K ÷ $—K
= —

The fixed asset turnover ratio for QuinStreet Inc. demonstrates notable fluctuations over the observed period from June 30, 2021, to June 30, 2023. Specifically, the ratio increased from 32.44 in 2021 to 36.13 in 2022, indicating an improvement in the efficiency with which the company utilized its fixed assets to generate revenue during this period. This rise suggests that QuinStreet was able to generate more sales per dollar invested in fixed assets, reflecting productive asset management and potentially increased operational efficiency.

However, in the subsequent year, the ratio declined to 28.62 as of June 30, 2023. This decrease indicates a reduction in the efficiency of fixed asset utilization, implying that the company generated less revenue per dollar of fixed assets in 2023 compared to the previous year. Several factors could contribute to this decline, including changes in operational strategies, increased capital expenditure that has not yet translated into proportionate revenue, or shifts in the demand environment affecting asset productivity.

The fixed asset turnover ratios for the years following 2023 are not available, denoted by the symbols for missing data, suggesting that either the data has not been reported or is not applicable at this time. Consequently, it is not possible to assess trends beyond 2023 directly.

In summary, QuinStreet Inc. experienced a period of improvement in fixed asset efficiency from 2021 to 2022, followed by a decline in 2023, reflecting variable asset utilization efficiency over these years. Continued monitoring and additional data would be necessary to determine whether these trends represent a temporary fluctuation or part of a longer-term pattern.