QuinStreet Inc (QNST)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	46,246	39,412	42,139	43,824	48,523	49,684	46,737	47,976	53,731	60,547	66,843	71,597	70,532	63,770	57,836	56,088	52,475	55,194	58,616	59,014
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
Gross profit margin		7.54%	7.22%	7.67%	7.81%	8.36%	8.32%	8.13%	8.48%	9.23%	10.32%	11.34%	11.96%	12.19%	11.72%	11.13%	11.15%	10.70%	11.14%	12.14%	12.59%

June 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $46,246K ÷ $613,514K
= 7.54%

QuinStreet Inc's gross profit margin has exhibited fluctuations over the past few quarters. The trend shows a general decline from a high of 12.59% in the first quarter of 2020 to a low of 7.22% in the second quarter of 2024. This decline suggests potential challenges in managing production costs or pricing strategies. Despite this downward trend, there have been periods of slight improvement in the margin, such as the third quarter of 2022 and the first quarter of 2023.

It is essential for the company to closely monitor and address the factors impacting their gross profit margin to ensure sustained profitability and competitiveness in the market. This analysis highlights the importance of efficient cost management, pricing strategies, and operational effectiveness for QuinStreet Inc to maintain and enhance its profitability in the future.