QuinStreet Inc (QNST)
Fixed asset turnover
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,093,711 | 1,029,978 | 928,723 | 768,810 | 613,514 | 545,505 | 549,589 | 560,954 | 580,624 | 596,814 | 574,801 | 566,084 | 582,099 | 586,795 | 589,189 | 598,826 | 578,487 | 544,250 | 519,861 | 502,994 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | — | — | 20,285 | 15,143 | 13,069 | 11,229 | 16,112 | 8,875 | 17,542 | 17,135 | 17,832 | 6,810 | 6,650 | 6,117 |
| Fixed asset turnover | — | — | — | — | — | — | — | — | 28.62 | 39.41 | 43.98 | 50.41 | 36.13 | 66.12 | 33.59 | 34.95 | 32.44 | 79.92 | 78.17 | 82.23 |
June 30, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,093,711K ÷ $—K
= —
The analysis of QuinStreet Inc.'s fixed asset turnover ratio over the specified periods reveals notable fluctuations and trends. Initially, at the end of September 2020, the ratio stood at approximately 82.23, indicating a high level of revenue generated per dollar of fixed assets. This elevated ratio persisted through December 2020 (78.17) and March 2021 (79.92), suggesting efficient utilization of fixed assets during this period.
However, a substantial decline occurred by June 30, 2021, with the ratio dropping sharply to around 32.44. This marked decrease reflects a significant reduction in revenue relative to fixed assets, implying possible asset underutilization, impairments, or operational restructuring. The ratios for subsequent quarters in 2021 continued to stay in the range of approximately 33.59 to 34.95, indicating a stabilization at a lower efficiency level compared to earlier periods.
In 2022, the ratio exhibited considerable volatility. It surged to approximately 66.12 in March 2022, demonstrating a temporary improvement in asset utilization, then declined again to around 36.13 in June. The ratio partially recovered in September 2022 (50.41) but decreased again toward the end of 2022 (43.98). This pattern suggests inconsistent utilization of assets throughout the year, possibly due to operational adjustments or strategic shifts.
During the first quarter of 2023, the ratio declined further to 39.41, and by the second quarter (June 30, 2023), it decreased to approximately 28.62. The absence of data beyond this point indicates recent periods where the ratio could not be characterized, perhaps due to asset disposals, write-downs, or other strategic changes.
Overall, the fixed asset turnover ratio of QuinStreet Inc. has demonstrated a marked reduction from very high levels in 2020 to substantially lower levels in 2021 and 2022, with notable volatility. These fluctuations suggest changes in revenue generation efficiency relative to fixed assets, potentially driven by operational, strategic, or industry-specific factors impacting asset utilization over time.
Peer comparison
Jun 30, 2025