Quidel Corporation (QDEL)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,636,900 | 2,240,900 |
| Inventory | US$ in thousands | 577,800 | 524,100 |
| Inventory turnover | 4.56 | 4.28 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $2,636,900K ÷ $577,800K
= 4.56
Peer comparison
Dec 31, 2023
Company name
Symbol
Inventory turnover
Quidel Corporation
QDEL
4.56
IDEXX Laboratories Inc
IDXX
3.87
Lantheus Holdings Inc
LNTH
16.24
Myriad Genetics Inc
MYGN
33.98
Neogen Corporation
NEOG
6.25