QuinStreet Inc (QNST)

Inventory turnover

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Cost of revenue	US$ in thousands	567,268	532,101	528,368	507,956	437,864
Inventory	US$ in thousands	—	0	4,326	7,386	12,799
Inventory turnover		—	—	122.14	68.77	34.21

June 30, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $567,268K ÷ $—K
= —

The inventory turnover for QuinStreet Inc has shown a consistent upward trend over the past five years, indicating an improvement in the management of the company's inventory. In particular, the inventory turnover ratio has increased significantly from 34.21 in June 2020 to 122.14 in June 2022, demonstrating a more efficient utilization of inventory resources.

A high inventory turnover ratio suggests that QuinStreet Inc is selling its goods quickly and efficiently, which can lead to reduced carrying costs and improved cash flow. This could be attributed to effective inventory management practices, such as optimizing inventory levels and reducing excess or obsolete stock.

However, the fact that the inventory turnover ratio data for the most recent years (2023 and 2024) is missing makes it challenging to provide a complete analysis of the trend. It is important to consider other factors such as industry benchmarks and overall business performance to gain a comprehensive understanding of QuinStreet Inc's inventory management efficiency.