QuinStreet Inc (QNST)
Total asset 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 |
| Total assets | US$ in thousands | 368,546 | 337,155 | 419,909 | 449,515 | 358,407 |
| Total asset turnover | 1.66 | 1.72 | 1.39 | 1.29 | 1.37 |
June 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $613,514K ÷ $368,546K
= 1.66
Total asset turnover is a financial ratio that measures a company's ability to generate sales from its assets. QuinStreet Inc's total asset turnover has fluctuated over the past five years, ranging from 1.29 to 1.72. A higher total asset turnover indicates that the company is more efficient in generating sales from its assets.
In the most recent year, QuinStreet Inc's total asset turnover was 1.66, showing a slight decrease compared to the previous year. This suggests that the company generated $1.66 in sales for every dollar of assets it had. While the ratio has decreased, it is still above 1, indicating that the company is effectively utilizing its assets to generate revenue.
Overall, QuinStreet Inc's total asset turnover ratio has shown consistency over the years, with some fluctuations. It is important for the company to continue monitoring and managing its asset utilization efficiently to ensure continued success in generating sales from its assets.
Peer comparison
Jun 30, 2024