QuinStreet Inc (QNST)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	982,840	929,524	841,820	701,808	567,268	506,093	507,450	517,130	532,101	547,130	528,064	518,108	528,368	526,248	522,346	527,229	507,955	480,480	462,025	446,906
Inventory	US$ in thousands	—	—	—	—	—	0	0	0	0	—	0	0	4,326	—	0	0	0	0	0	—
Inventory turnover		—	—	—	—	—	—	—	—	—	—	—	—	122.14	—	—	—	—	—	—	—

June 30, 2025 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $982,840K ÷ $—K
= —

The inventory turnover ratio for QuinStreet Inc exhibits limited data points over the analyzed period. Throughout the majority of the timeline from September 2020 to March 2023, inventory turnover is not recorded, indicating either negligible or unreported inventory activity during this interval. A significant exception occurs in June 2022, when the reported inventory turnover reaches 122.14. This notably high figure suggests a rapid turnover of inventory during that specific quarter, implying efficient inventory management or a possible shift in business operations that resulted in a swift conversion of inventory into sales. No subsequent data points are available beyond June 2022, precluding further analysis of inventory turnover trends. Overall, the limited and sparse data indicates that QuinStreet Inc typically maintains minimal inventory, consistent with its digital-based business model where physical inventory is generally not a substantial component. The spike in June 2022 warrants further investigation to understand underlying factors influencing inventory activity during that period.