QuinStreet Inc (QNST)

Return on assets (ROA)

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Net income	US$ in thousands	-31,331	-68,866	-5,248	23,555	18,102
Total assets	US$ in thousands	368,546	337,155	419,909	449,515	358,407
ROA		-8.50%	-20.43%	-1.25%	5.24%	5.05%

June 30, 2024 calculation

ROA = Net income ÷ Total assets
= $-31,331K ÷ $368,546K
= -8.50%

QuinStreet Inc's return on assets (ROA) has exhibited varying trends over the past five years. In the fiscal year ending June 30, 2020, the ROA stood at a healthy 5.05%, indicating that the company generated a positive return relative to its assets. However, there was a slight decrease in the ROA to 5.24% in the following fiscal year, suggesting a minor dip in asset efficiency.

Subsequently, in the fiscal year ending June 30, 2022, the ROA decreased further to -1.25%, indicating that the company experienced a negative return on its assets during that period. This negative ROA suggests that the company's assets may not have been effectively utilized to generate profits.

Furthermore, in the fiscal year ending June 30, 2023, QuinStreet Inc's ROA experienced a significant decline to -20.43%, highlighting a substantial decrease in asset efficiency and profitability. This steep drop in ROA raises concerns about the company's ability to effectively generate returns from its assets during that year.

In the most recent fiscal year ending June 30, 2024, QuinStreet Inc's ROA further deteriorated to -8.50%, signaling ongoing challenges in optimizing asset performance and profitability.

Overall, the fluctuating ROA figures of QuinStreet Inc over the past five years indicate a mixed performance in asset utilization and profitability, with a recent trend towards decreasing returns on assets. Further analysis and investigation into the factors impacting the company's asset efficiency and profitability may be warranted to address the declining ROA figures.