QuinStreet Inc (QNST)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	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	490,339	495,342	482,904	468,899
Property, plant and equipment	US$ in thousands	19,858	20,633	20,604	19,504	16,749	15,143	13,069	11,229	9,311	8,875	8,469	7,333	6,849	6,810	6,650	6,117	5,657	5,748	5,682	5,400
Fixed asset turnover		30.90	26.44	26.67	28.76	34.67	39.41	43.98	50.41	62.52	66.12	69.57	81.66	84.46	79.92	78.17	82.23	86.68	86.18	84.99	86.83

June 30, 2024 calculation

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

The fixed asset turnover ratio for QuinStreet Inc has shown a fluctuating trend over the past few quarters. The ratio measures how efficiently the company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio indicates that the company is generating more revenue per dollar of investment in fixed assets.

Looking at the data provided, we can see that the fixed asset turnover ratio has been generally increasing from around 30 in mid-2020 to around 87 in recent quarters. This suggests that QuinStreet Inc has been able to generate more revenue relative to its investment in fixed assets over time.

However, there are fluctuations in the ratio in some quarters, such as a drop from 69.57 in Q1 2022 to 43.98 in Q2 2022, and then a sharp increase to 62.52 in Q3 2022. These fluctuations may indicate changes in the company's operations, such as new investments in fixed assets or changes in revenue generation efficiency.

Overall, a high and increasing fixed asset turnover ratio for QuinStreet Inc is a positive indicator of operational efficiency and effective utilization of fixed assets to generate revenue. Monitoring this ratio over time can provide valuable insights into the company's financial health and efficiency in managing its fixed assets.