QuinStreet Inc (QNST)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	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	490,339	495,342	482,904	468,899
Receivables	US$ in thousands	111,849	99,639	74,727	67,684	67,868	105,606	71,412	75,487	81,560	77,777	64,175	88,421	91,469	82,331	71,277	69,131	68,270	73,367	69,612	74,615
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

June 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $613,514K ÷ $111,849K
= 5.49

The receivables turnover ratio for QuinStreet Inc has exhibited fluctuations over the past several quarters. The ratio was 5.49 in June 2024, indicating that the company collected its accounts receivable approximately 5.49 times during that period. This was a slight increase compared to the previous quarter's ratio of 5.47.

Looking further back, the ratio had shown a significant variation, with a high of 9.18 in December 2021 and a low of 5.65 in March 2023. Generally, a higher receivables turnover ratio suggests more efficient management of receivables and a shorter time to collect outstanding debts.

Overall, QuinStreet Inc's receivables turnover ratio has reflected some inconsistency but has generally remained within a moderate to good range, indicating effective management of accounts receivable. Further analysis of the company's collection policies and credit terms may provide additional insights into the trends observed in the receivables turnover ratio.