QuinStreet Inc (QNST)
Number of days of payables
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.77 | 14.03 | 12.46 | 11.23 | 11.91 | |
| Number of days of payables | days | 31.02 | 26.02 | 29.30 | 32.50 | 30.64 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.77
= 31.02
The number of days of payables for QuinStreet Inc has fluctuated over the past five years. In the most recent year ending on June 30, 2024, the company had an average payment period of 31.02 days, indicating that on average, it takes around one month for the company to pay its suppliers. This represents an increase in the number of days compared to the prior year, where it was 26.02 days.
Looking back further, the trend in the number of days of payables has varied, with figures of 29.30 days, 32.50 days, and 30.64 days for the years ending in 2022, 2021, and 2020, respectively. This suggests some inconsistency in the company's payment practices over the years.
Analyzing the number of days of payables can provide insights into the company's liquidity management and relationships with suppliers. A longer payment period could indicate that the company is taking longer to settle its obligations, potentially benefiting from extended credit terms. Conversely, a shorter payment period could signal a more aggressive approach to managing working capital.
Overall, monitoring the number of days of payables can help assess QuinStreet Inc's efficiency in managing its cash flow and relationships with suppliers, and how these practices impact its overall financial performance.
Peer comparison
Jun 30, 2024