QuinStreet Inc (QNST)

Payables 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
Payables	US$ in thousands	48,204	37,926	42,410	45,231	36,759
Payables turnover		11.77	14.03	12.46	11.23	11.91

June 30, 2024 calculation

Payables turnover = Cost of revenue ÷ Payables
= $567,268K ÷ $48,204K
= 11.77

QuinStreet Inc's payables turnover has fluctuated over the past five years. In 2024, the payables turnover ratio was 11.77, down from 14.03 in 2023 but still within a reasonable range. This indicates that the company is taking about 11.77 days to pay its accounts payable, which suggests an efficient management of trade credit. Despite the slight decrease, the company's ability to manage its payables effectively has remained fairly consistent over the years. This consistency may reflect stable relationships with suppliers or effective working capital management practices. However, further analysis of the company's payment terms and industry norms would provide additional insights into its payables management performance.