QuinStreet Inc (QNST)
Receivables turnover
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,093,711 | 1,029,978 | 928,723 | 768,810 | 613,514 | 545,505 | 549,589 | 560,954 | 580,624 | 596,814 | 574,801 | 566,084 | 582,099 | 586,795 | 589,189 | 598,826 | 578,487 | 544,250 | 519,861 | 502,994 |
| Receivables | US$ in thousands | 135,804 | 137,241 | 150,360 | 173,904 | 111,849 | 99,639 | 74,727 | 67,684 | 67,748 | 105,606 | 71,412 | 75,487 | 81,429 | 77,777 | 64,175 | 88,421 | 87,928 | 82,331 | 71,277 | 69,131 |
| Receivables turnover | 8.05 | 7.50 | 6.18 | 4.42 | 5.49 | 5.47 | 7.35 | 8.29 | 8.57 | 5.65 | 8.05 | 7.50 | 7.15 | 7.54 | 9.18 | 6.77 | 6.58 | 6.61 | 7.29 | 7.28 |
June 30, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,093,711K ÷ $135,804K
= 8.05
The receivables turnover ratio for QuinStreet Inc demonstrates notable fluctuations over the analyzed period from September 2020 through June 2025. Initially, the ratio maintained relatively stable levels around 7.28 to 7.29 in September and December 2020, indicating consistent efficiency in collecting receivables during this period.
From March 2021 through September 2021, there was a moderate decline, with the ratio decreasing to roughly 6.58–6.77, suggesting a slight easing in collection efficiency. A significant upward movement occurred in December 2021, where the ratio surged to 9.18, signaling improved receivables collection and possibly faster cash conversion.
The subsequent quarters from March 2022 to December 2022 show a stabilization around 7.15 to 8.05, maintaining a relatively steady collection performance with minor fluctuations. However, starting January 2023, a downward trend emerges, with the ratio dropping sharply to 5.65 in March 2023, indicating a slowdown in receivables collection efficiency during this period.
This decline continues through the first half of 2023, with ratios rising again to 8.57 in June 2023 but then decreasing slightly to 8.29 in September 2023 and further to 7.35 by the end of December 2023. The first two quarters of 2024 reflect a declining trend, with ratios falling to 5.47 and 5.49 respectively, before a marginal recovery to 4.42 in September 2024. By December 2024, the ratio increases again to 6.18, and further to 7.50 in March 2025. The ratio stabilizes around 8.05 in June 2025.
Overall, the receivables turnover ratio for QuinStreet Inc exhibits periods of both improvement and decline, reflecting variability in collection efficiency and possibly influenced by seasonal factors, changes in credit policies, or shifts in customer payment behavior. The trend indicates sessions of enhanced receivables management interspersed with periods of slower collection activity.
Peer comparison
Jun 30, 2025