QuinStreet Inc (QNST)
Gross profit margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 46,246 | 48,523 | 53,731 | 70,531 | 52,475 |
| Revenue | US$ in thousands | 613,514 | 580,624 | 582,099 | 578,487 | 490,339 |
| Gross profit margin | 7.54% | 8.36% | 9.23% | 12.19% | 10.70% |
June 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $46,246K ÷ $613,514K
= 7.54%
QuinStreet Inc's gross profit margin has shown a decreasing trend over the past five years, declining from 12.19% in June 2021 to 7.54% in June 2024. This indicates that the company's efficiency in generating profits from its revenue has weakened over this period. A declining gross profit margin could be attributed to various factors such as an increase in costs of goods sold, pricing pressures, or inefficiencies in production processes. Management should closely analyze the components of the cost structure and revenue streams to identify areas for improvement and implement strategies to strengthen the gross profit margin going forward.
Peer comparison
Jun 30, 2024