QuinStreet Inc (QNST)

Activity ratios

Short-term

Turnover ratios

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
Inventory turnover — — — — — — — — 122.14 — — — — — — — — — — —
Receivables turnover 5.49 5.47 7.35 8.29 8.56 5.65 8.05 7.50 7.14 7.54 9.18 6.77 6.32 6.61 7.29 7.28 7.18 6.75 6.94 6.28
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
Working capital turnover 14.37 14.49 12.77 11.35 9.46 9.25 9.65 8.75 7.95 6.57 6.67 6.48 6.39 6.61 6.22 6.27 4.92 5.61 7.07 7.36

The activity ratios of QuinStreet Inc provide valuable insights into how efficiently the company manages its resources and operations.

1. Inventory Turnover: The company does not have data available for inventory turnover in the recent periods. However, in June 2022, the inventory turnover was 122.14, indicating that the company efficiently sold and replaced its inventory over 122 times during that period.

2. Receivables Turnover: The receivables turnover ratio fluctuates over the periods, ranging from 5.47 to 9.18. A higher turnover ratio indicates that the company is effective in collecting its accounts receivable, with a more significant number of times the company collects its average accounts receivable balance during a specific period.

3. Payables Turnover: The payables turnover ratio also varies, with values from 10.24 to 15.08. A higher payables turnover ratio signifies that the company is paying its suppliers quickly, which can reflect good relationships with suppliers and effective cash management.

4. Working Capital Turnover: The working capital turnover ratio demonstrates the efficiency of the company in generating revenue from its working capital. The ratio fluctuates over time, reflecting changes in the company's ability to generate sales relative to its working capital.

Overall, analyzing these activity ratios can help assess QuinStreet Inc's operational efficiency, inventory management, receivables collection, payables management, and working capital utilization, providing valuable insights for stakeholders and decision-makers.

Average number of days

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
Days of inventory on hand (DOH) days — — — — — — — — 2.99 — — — — — — — — — — —
Days of sales outstanding (DSO) days 66.54 66.67 49.63 44.04 42.66 64.59 45.35 48.67 51.14 48.38 39.76 53.89 57.71 55.22 50.04 50.17 50.82 54.06 52.62 58.08
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

Days of Inventory on Hand (DOH) for QuinStreet Inc have not been provided consistently in the data provided. However, Days of Sales Outstanding (DSO) show an improving trend from 66.54 days in June 2024 to 39.76 days in March 2022, indicating that the company is collecting its accounts receivable more efficiently over time.

The Number of Days of Payables has fluctuated over the periods, with a decrease from 31.02 days in June 2024 to 27.35 days in March 2022 before increasing to 33.22 days in September 2019. This metric represents how long it takes for a company to pay its suppliers, and lower numbers typically suggest better liquidity or bargaining power with suppliers.

Overall, QuinStreet Inc has shown improvements in its efficiency in managing inventory and collecting receivables, while maintaining its payable days at varying levels. These activity ratios indicate progress in optimizing working capital management and cash flow efficiency over the periods covered in the data.

Long-term

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
Fixed asset turnover 30.90 26.44 26.67 28.76 34.67 39.41 43.98 50.41 62.52 66.12 69.57 81.66 84.46 79.92 78.17 82.23 86.68 86.18 84.99 86.83
Total asset turnover 1.66 1.56 1.71 1.75 1.72 1.45 1.47 1.40 1.39 1.35 1.38 1.36 1.29 1.23 1.25 1.21 1.37 1.37 1.42 1.37

QuinStreet Inc's long-term activity ratios provide insights into the efficiency with which the company is utilizing its assets to generate sales. The Fixed Asset Turnover ratio indicates how efficiently the company is using its fixed assets to generate revenue, with a higher ratio being favorable.

Looking at the trend in QuinStreet Inc's Fixed Asset Turnover ratio over the periods provided, we can see fluctuations with a general decreasing trend indicating a decline in the efficiency of utilizing fixed assets to generate sales.

Meanwhile, the Total Asset Turnover ratio reflects the company's overall ability to generate sales from all assets, both fixed and current. A higher Total Asset Turnover ratio is generally preferred as it indicates effective asset utilization.

Analyzing the trend in QuinStreet Inc's Total Asset Turnover ratio over the periods provided, we observe variability and fluctuations. Though the ratio fluctuates, it generally shows an increasing pattern, suggesting an improvement in the company's overall efficiency in generating sales from its total assets.

Overall, the trends in both the Fixed Asset Turnover and Total Asset Turnover ratios for QuinStreet Inc indicate varying levels of efficiency in asset utilization over the periods provided. It is essential for the company to closely monitor these ratios to ensure optimal utilization of assets and maintain or improve its overall efficiency in generating sales.