QuinStreet Inc (QNST)

Number of days of payables

		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
Payables turnover		11.77	12.46	15.02	15.08	14.03	13.25	13.96	12.66	12.46	13.27	13.35	10.90	11.23	12.06	12.24	9.39	11.91	10.99	12.37	10.24
Number of days of payables	days	31.02	29.30	24.30	24.20	26.02	27.54	26.16	28.82	29.30	27.51	27.35	33.48	32.50	30.27	29.82	38.87	30.64	33.22	29.51	35.64

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 periods analyzed. The company's average days of payables ranged from a low of 24.20 days to a high of 38.87 days. In recent quarters, the number of days of payables has been relatively stable, with a range of 24.30 to 31.02 days. This indicates that the company takes approximately one month to slightly over a month to settle its payables to suppliers.

Analyzing the trend over time, there seems to be some volatility in the number of days of payables, with occasional spikes and dips. It is important to monitor this ratio closely, as a significant increase in the number of days of payables could suggest potential liquidity issues or strained relationships with suppliers. On the other hand, a decrease in the number of days of payables may indicate improved efficiency in managing working capital.

Overall, the number of days of payables for QuinStreet Inc appears to be within a reasonable range compared to industry benchmarks. It is essential for the company to continue monitoring and managing its payables effectively to ensure a healthy cash flow and sustainable operations.