QuinStreet Inc (QNST)
Payables turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 982,840 | 567,268 | 532,101 | 528,368 | 507,956 |
| Payables | US$ in thousands | 62,247 | 48,204 | 37,926 | 42,410 | 45,231 |
| Payables turnover | 15.79 | 11.77 | 14.03 | 12.46 | 11.23 |
June 30, 2025 calculation
Payables turnover = Cost of revenue ÷ Payables
= $982,840K ÷ $62,247K
= 15.79
The payables turnover ratio for QuinStreet Inc demonstrates notable fluctuations over the period from June 30, 2021, to June 30, 2025. It began at 11.23 in fiscal year 2021 and increased to 12.46 in 2022, indicating that the company was paying its suppliers more rapidly or possibly managing its accounts payable more efficiently during that year. This upward trend continued into 2023, with the ratio climbing further to 14.03, which suggests an improvement in the company's ability to settle its trade payables more promptly, potentially reflecting enhanced liquidity or improved supplier terms.
However, in the subsequent fiscal year 2024, the ratio declined to 11.77, indicating a slowdown in the rate of accounts payable payments. This could suggest a strategic extension of payment cycles, shifts in supplier credit terms, or changes in cash flow management. The ratio then rose sharply to 15.79 in 2025, surpassing previous levels and indicating a significant increase in the frequency or speed of paying off liabilities to suppliers.
Overall, the trend in QuinStreet’s payables turnover ratio showcases periods of both acceleration and deceleration in how swiftly the company is settling its payables. The substantial increase in 2025 might signal improved payment efficiencies or strategic considerations to pay suppliers more promptly, while the dips could reflect deliberate extensions or operational variations influencing liquidity management.
Peer comparison
Jun 30, 2025