Quidel Corporation (QDEL)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,782,900 | 2,993,500 | 3,266,000 | 1,698,550 | 1,661,670 |
| Property, plant and equipment | US$ in thousands | — | — | 1,520,000 | 349,202 | 110,481 |
| Fixed asset turnover | — | — | 2.15 | 4.86 | 15.04 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,782,900K ÷ $—K
= —
The fixed asset turnover ratio for Quidel Corporation experienced a significant decline over the years, decreasing from 15.04 in December 31, 2020, to 4.86 in December 31, 2021, further dropping to 2.15 in December 31, 2022. The decreasing trend indicates that the company's ability to generate revenue from its fixed assets has weakened. However, it is worth noting that the data for December 31, 2023, and December 31, 2024 is not available, which limits the ability to assess the current performance accurately. The declining fixed asset turnover ratio may signify inefficiencies in asset utilization or a shift in the company's business model that requires further investigation to understand the underlying factors contributing to this trend.
Peer comparison
Dec 31, 2024