Quidel Corporation (QDEL)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|
| Revenue | US$ in thousands | 2,997,800 | 3,266,000 |
| Property, plant and equipment | US$ in thousands | 1,443,800 | 1,339,000 |
| Fixed asset turnover | 2.08 | 2.44 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,997,800K ÷ $1,443,800K
= 2.08
Peer comparison
Dec 31, 2023
Company name
Symbol
Fixed asset turnover
Quidel Corporation
QDEL
2.08
IDEXX Laboratories Inc
IDXX
5.21
Lantheus Holdings Inc
LNTH
8.70
Myriad Genetics Inc
MYGN
6.26
Neogen Corporation
NEOG
8.13