QuinStreet Inc (QNST)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	-31,331	-85,058	-78,489	-74,914	-68,866	-17,918	-15,209	-12,858	-5,248	3,066	5,873	11,967	23,555	21,686	30,568	31,651	18,102	20,016	7,038	58,315
Total assets	US$ in thousands	368,546	349,251	320,917	320,965	337,155	412,479	391,893	405,527	419,909	433,763	427,591	441,933	449,515	442,495	415,057	417,112	358,407	360,512	339,404	342,258
ROA		-8.50%	-24.35%	-24.46%	-23.34%	-20.43%	-4.34%	-3.88%	-3.17%	-1.25%	0.71%	1.37%	2.71%	5.24%	4.90%	7.36%	7.59%	5.05%	5.55%	2.07%	17.04%

June 30, 2024 calculation

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

QuinStreet Inc's return on assets (ROA) has fluctuated significantly over the time period provided. The ROA has ranged from a low of -24.46% to a high of 17.04%.

The company experienced a declining trend in ROA from December 2019 to March 2023, with negative ROA figures recorded during some quarters. This indicates that the company was generating lower profits relative to its asset base during this period.

However, the company's ROA started to improve from March 2023 onwards, with positive ROA figures recorded in subsequent quarters. This improvement suggests that the company became more efficient in generating profits from its assets.

It is important for investors and stakeholders to closely monitor QuinStreet Inc's ROA performance to assess the company's efficiency in generating profits relative to its asset base and to evaluate its overall financial health.