QuinStreet Inc (QNST)
Receivables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 613,514 | 580,624 | 582,099 | 578,487 | 490,339 |
| Receivables | US$ in thousands | 111,849 | 67,868 | 81,560 | 91,469 | 68,270 |
| Receivables turnover | 5.49 | 8.56 | 7.14 | 6.32 | 7.18 |
June 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $613,514K ÷ $111,849K
= 5.49
The receivables turnover ratio of QuinStreet Inc has been fluctuating over the past five years. The ratio measures how efficiently the company is collecting payments from its customers. A higher receivables turnover ratio indicates that the company is collecting payments more quickly.
In 2024, the receivables turnover ratio was 5.49, which represents a decrease from the previous year's ratio of 8.56 in 2023. This decline could indicate that the company took longer to collect payments from its customers in 2024 compared to 2023.
However, when compared to the ratios in 2022, 2021, and 2020, the receivables turnover ratio in 2024 is still relatively healthy. This suggests that QuinStreet Inc has been managing its accounts receivables efficiently over the years despite the recent decrease.
Overall, while the decrease in receivables turnover from 2023 to 2024 is a point of concern, the company's historical performance in managing its accounts receivables indicates a generally efficient collection process.
Peer comparison
Jun 30, 2024