QuinStreet Inc (QNST)

Working capital 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 current assets	US$ in thousands	169,087	151,204	182,792	206,176	185,572
Total current liabilities	US$ in thousands	126,398	89,820	109,579	115,611	85,837
Working capital turnover		14.37	9.46	7.95	6.39	4.92

June 30, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $613,514K ÷ ($169,087K – $126,398K)
= 14.37

The working capital turnover ratio for QuinStreet Inc has shown a steady increase over the past five years, with values of 4.92 in 2020, 6.39 in 2021, 7.95 in 2022, 9.46 in 2023, and 14.37 in 2024. This upward trend indicates the company's ability to efficiently utilize its working capital to generate revenue. A higher working capital turnover ratio signifies that the company is generating more revenue per dollar of working capital invested, reflecting strong operational efficiency. QuinStreet Inc's improving working capital turnover ratio suggests effective management of its current assets and liabilities to support its core business operations and growth strategies.