Quidel Corporation (QDEL)

Fixed asset turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022
Revenue (ttm)	US$ in thousands	2,997,800	3,121,700	3,161,500	3,109,800
Property, plant and equipment	US$ in thousands	1,443,800	1,369,400	1,376,200	1,361,700	1,339,000	1,261,600	1,110,100
Fixed asset turnover		2.08	2.28	2.30	2.28

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,997,800K ÷ $1,443,800K
= 2.08

The fixed asset turnover ratio for Quidel Corporation has shown a consistent and stable trend over the past eight quarters, ranging from 2.08 to 2.30. This indicates that, on average, the company generates between $2.08 to $2.30 in revenue for every dollar invested in fixed assets during the respective quarters.

A fixed asset turnover ratio above 1 suggests that Quidel is effectively utilizing its fixed assets to generate sales. The relatively high fixed asset turnover ratios demonstrate that the company efficiently manages and uses its fixed assets to generate revenue, reflecting strong operational efficiency and productivity.

Overall, the consistent and relatively high fixed asset turnover ratios of Quidel Corporation indicate efficient asset utilization and effective management of fixed assets in generating revenue throughout the period analyzed.