QuinStreet Inc (QNST)
Working capital turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,093,710 | 613,514 | 580,624 | 582,099 | 578,487 |
| Total current assets | US$ in thousands | 245,526 | 169,087 | 151,204 | 182,792 | 206,178 |
| Total current liabilities | US$ in thousands | 163,044 | 126,398 | 89,820 | 109,579 | 115,611 |
| Working capital turnover | 13.26 | 14.37 | 9.46 | 7.95 | 6.39 |
June 30, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,093,710K ÷ ($245,526K – $163,044K)
= 13.26
The working capital turnover ratio for QuinStreet Inc has demonstrated a notable upward trend over the analyzed period from June 30, 2021, to June 30, 2025. Specifically, the ratio increased from 6.39 in 2021 to 7.95 in 2022, indicating an improvement in the efficiency with which the company utilizes its working capital to generate revenue. This upward trajectory continued into 2023, reaching 9.46, further suggesting enhanced operational efficiency.
In the subsequent period, the ratio experienced a significant rise, culminating at 14.37 in 2024. This sharp increase indicates that the company was able to generate significantly more sales or revenue relative to its working capital during that fiscal year, reflecting potentially optimized working capital management and/or increased operational throughput.
Although there was a slight decrease in the ratio in 2025, bringing it down to 13.26, it remains substantially higher than the earlier years. This overall pattern suggests that QuinStreet Inc has markedly improved its efficiency in using working capital to support its revenue generation over the indicated period. The fluctuations may also reflect strategic changes in working capital management or variations in revenue cycle dynamics, but the dominant trend highlights substantial operational efficiency gains over the four-year span.
Peer comparison
Jun 30, 2025