QuinStreet Inc (QNST)

Total asset 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
Total assets	US$ in thousands	368,546	349,251	320,917	320,965	337,155	412,479	391,893	405,527	419,909	433,763	427,591	441,933	449,515	442,495	415,057	417,112	358,407	360,512	339,404	342,258
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

June 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $613,514K ÷ $368,546K
= 1.66

Total asset turnover measures a company's efficiency in generating sales revenue relative to its total assets. QuinStreet Inc's total asset turnover has exhibited fluctuations over the past several quarters, ranging from a low of 1.21 to a high of 1.75. The trend indicates some volatility, with the ratio generally hovering around 1.4.

A total asset turnover ratio above 1 suggests that QuinStreet Inc is generating more in sales compared to its total assets, indicating efficient asset utilization. However, the fluctuations in the ratio may signal changes in the company's sales strategy, asset base, or operational efficiency.

Overall, a comprehensive analysis of QuinStreet Inc's total asset turnover would involve investigating the underlying factors driving the fluctuations to assess the company's ability to optimize its asset base and generate revenue effectively. Additional financial and operational metrics would provide further insights into the company's performance and prospects.