QuinStreet Inc (QNST)

Return on assets (ROA)

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Net income	US$ in thousands	4,707	-31,331	-68,866	-5,248	23,555
Total assets	US$ in thousands	431,107	368,546	337,155	419,909	449,917
ROA		1.09%	-8.50%	-20.43%	-1.25%	5.24%

June 30, 2025 calculation

ROA = Net income ÷ Total assets
= $4,707K ÷ $431,107K
= 1.09%

The analysis of QuinStreet Inc.'s return on assets (ROA) over the specified period reveals notable fluctuations that reflect the company's changing profitability relative to its asset base.

As of June 30, 2021, the company's ROA was 5.24%, indicating a profitable utilization of its assets during that fiscal year. However, by June 30, 2022, the ROA declined sharply to -1.25%, signifying a transition from profitability to a slight loss attributable to the assets employed. The downward trend continued into the subsequent year, with the ROA plummeting to -20.43% by June 30, 2023, which signals a significant deterioration in the company's efficiency at generating net income from its assets, possibly due to heightened expenses, lower revenues, or a combination of both.

In the following year, the ROA improved somewhat, moving to -8.50% as of June 30, 2024, suggesting a partial recovery in asset utilization efficiency or margin improvement, although the company remained unprofitable on an asset basis. Finally, by June 30, 2025, the ROA turned positive again, reaching 1.09%. This indicates that the company successfully generated net income from its assets, albeit at a modest level, implying a potential stabilization or turnaround phase after periods of significant losses.

Overall, the trajectory of QuinStreet Inc.'s ROA shows a period of profitability in 2021, followed by a substantial downturn in 2022 and 2023, with a subsequent partial recovery toward positive territory in 2025. This pattern suggests recent operational improvements or strategic developments aimed at restoring profitability, although the company continues to operate with relatively low efficiency in converting assets into net income compared to those earlier periods.