QuinStreet Inc (QNST)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 216,825 | 214,964 | 215,253 | 222,336 | 229,801 | 284,527 | 279,796 | 283,256 | 286,000 | 301,463 | 298,645 | 299,695 | 295,148 | 288,567 | 279,406 | 273,288 | 255,944 | 249,207 | 233,871 | 228,091 |
| ROE | -14.45% | -39.57% | -36.46% | -33.69% | -29.97% | -6.30% | -5.44% | -4.54% | -1.83% | 1.02% | 1.97% | 3.99% | 7.98% | 7.52% | 10.94% | 11.58% | 7.07% | 8.03% | 3.01% | 25.57% |
June 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-31,331K ÷ $216,825K
= -14.45%
QuinStreet Inc's return on equity (ROE) has exhibited significant fluctuations over the past several quarters. The ROE has been negative in recent quarters, with values ranging from -14.45% to -39.57%. This indicates that the company's net income has not been sufficient to generate positive returns for shareholders during these periods.
The decreasing trend in ROE from 2019 to 2020, where the ROE dropped from 25.57% to 3.01%, suggests a decline in the company's efficiency in utilizing shareholder equity to generate profits. The subsequent improvement in ROE in 2021 and early 2022, reaching values of 7.98% and 10.94%, indicates a partial recovery in the company's profitability and efficiency.
However, the ROE declined again in mid to late 2022, with values below 5%. This downward trend continued into 2023, hitting even lower levels of -36.46% and -33.69%. The negative ROE values indicate that the company might be facing challenges in generating profits relative to shareholder equity during these periods.
Overall, the volatile nature of QuinStreet Inc's ROE suggests fluctuations in the company's profitability and efficiency over the analyzed periods. It would be essential for stakeholders to delve deeper into the company's financial performance drivers to understand the underlying reasons for the fluctuations in ROE and to assess the company's financial health more thoroughly.
Peer comparison
Jun 30, 2024