QuinStreet Inc (QNST)

Total asset 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
Total assets	US$ in thousands	431,107	417,235	409,647	401,172	368,546	349,251	320,917	320,965	337,155	412,479	391,893	405,527	419,909	433,763	427,591	441,933	449,917	442,495	415,057	417,112
Total asset turnover		2.54	2.47	2.27	1.92	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

June 30, 2025 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,093,711K ÷ $431,107K
= 2.54

The total asset turnover ratio for QuinStreet Inc demonstrates a general upward trajectory from September 30, 2020 through June 30, 2025. Beginning at 1.21 in September 2020, the ratio steadily increased over the subsequent periods, reflecting an enhancement in the company’s efficiency in utilizing its assets to generate revenue. Notable growth is observed particularly from the latter half of 2022 onward, with the ratio reaching 1.75 by September 2023. This upward trend accelerates further in the following periods, culminating in a ratio of 2.54 by June 2025.

The consistent increase in total asset turnover suggests that QuinStreet Inc has been improving its operational efficiency and asset utilization, generating higher sales per dollar of assets over time. Such improvements could be driven by various factors, including technological advancements, strategic shifts, or enhanced operational practices that allow the company to maximize revenues with its existing asset base.

This rising efficiency indicates a potentially positive shift in company performance, implying better asset management and increased revenue generation capacity relative to total assets, especially in the most recent periods. However, this trend should ideally be evaluated alongside other financial and operational metrics to fully understand the underlying drivers and sustainability of these improvements.