Quidel Corporation (QDEL)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,780,900 | 2,815,700 | 2,832,600 | 2,861,400 | 2,997,800 | 3,121,700 | 3,161,500 | 3,109,800 | 3,265,960 | 3,036,327 | 2,762,263 | 2,325,473 | 1,698,551 | 1,870,887 | 1,837,209 | 1,862,353 | 1,661,668 | 1,004,643 | 655,077 | 561,575 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 1,541,600 | 1,553,600 | 1,541,100 | 1,520,000 | 1,425,300 | 1,279,000 | 364,248 | 349,202 | 319,949 | 385,915 | 169,627 | 110,481 | 87,697 | 83,723 | 79,915 |
| Fixed asset turnover | — | — | — | — | — | 2.02 | 2.03 | 2.02 | 2.15 | 2.13 | 2.16 | 6.38 | 4.86 | 5.85 | 4.76 | 10.98 | 15.04 | 11.46 | 7.82 | 7.03 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,780,900K ÷ $—K
= —
Quidel Corporation's fixed asset turnover ratio indicates how efficiently the company is utilizing its fixed assets to generate revenue. The trend of fixed asset turnover for Quidel Corporation fluctuated over the period under consideration.
From March 31, 2020, to December 31, 2021, the company's fixed asset turnover showed a general increasing trend, reaching a peak of 15.04 on December 31, 2020. This signifies that Quidel was generating $15.04 in revenue for every dollar invested in fixed assets at that time.
However, from March 31, 2021, to June 30, 2022, the fixed asset turnover ratio saw a significant decline, dropping to as low as 2.16 on June 30, 2022. This may indicate a decrease in sales generated from fixed assets or an increase in the book value of fixed assets.
The ratio remained relatively stable around the 2 to 3 range from June 30, 2022, to March 31, 2024, with a slight increase in the last observed quarter.
Overall, Quidel Corporation's fixed asset turnover ratio experienced fluctuations over the period analyzed, demonstrating varying levels of efficiency in utilizing fixed assets to generate revenue. Analysis of the company's operational performance and asset management practices may help in understanding the reasons behind these fluctuations.
Peer comparison
Dec 31, 2024