Quidel Corporation (QDEL)

Short-term

Turnover ratios

Quidel Corporation's activity ratios indicate the efficiency with which the company manages its assets and liabilities.

1. Inventory Turnover:
- Quidel's inventory turnover ratio has been rather consistent over the past four quarters, ranging from 4.07 to 4.45. This suggests that the company is effectively managing its inventory levels to meet demand and minimize holding costs.

2. Receivables Turnover:
- Quidel's receivables turnover ratio has shown some fluctuations, with values of 6.69 to 8.61 in the last three quarters. A high receivables turnover ratio indicates that the company is efficient in collecting payments from customers, which is a positive sign for cash flow management.

3. Payables Turnover:
- The payables turnover ratio has also been varying, with values ranging from 7.98 to 10.68 in the past four quarters. A high payables turnover ratio implies that Quidel is paying its suppliers quickly, which could indicate strong vendor relationships.

4. Working Capital Turnover:
- Quidel's working capital turnover ratio has been relatively stable, fluctuating between 5.26 and 6.29. This ratio reflects how efficiently the company is utilizing its working capital to generate sales. A higher ratio indicates better utilization of working capital to drive revenue growth.

Overall, Quidel Corporation's activity ratios suggest a good level of efficiency in managing its inventory, receivables, payables, and working capital to support its operations and financial performance.

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Average number of days

The Days of Inventory on Hand (DOH) for Quidel Corporation has been fluctuating over the quarters, ranging from 82.06 days to 89.61 days. This indicates that the company's average inventory turnover rate varies across the periods, with higher DOH values implying slower inventory turnover.

The Days of Sales Outstanding (DSO) peaked at 54.57 days in September 2023 but dropped significantly to 42.41 days in June 2023. This demonstrates that Quidel has been successful in collecting receivables more efficiently in the latter part of the year compared to earlier quarters. The missing data for March 2023 makes it difficult to identify a consistent trend.

On the other hand, the Number of Days of Payables shows a decreasing trend from 45.72 days in December 2023 to 34.19 days in June 2023 before slightly increasing in September 2023. This suggests that Quidel has been paying its suppliers more quickly, which could have positive implications for building stronger supplier relationships.

Overall, while the inventory turnover rate appears to vary, the company has shown improvements in collecting receivables efficiently and managing payables effectively throughout the year, indicating a potential positive impact on cash flow management and working capital efficiency.

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Long-term

The fixed asset turnover ratio for Quidel Corporation for the four quarters of 2023 ranged between 2.08 and 2.30. This ratio measures how efficiently the company is utilizing its fixed assets to generate sales. A higher fixed asset turnover ratio indicates that the company is effectively using its fixed assets to generate revenue.

On the other hand, the total asset turnover ratio for Quidel Corporation for the same period ranged between 0.35 and 0.37. This ratio measures how efficiently the company is using its total assets to generate revenue. A higher total asset turnover ratio indicates that the company is generating more sales relative to its total assets.

Overall, Quidel Corporation's fixed asset turnover ratio remained relatively stable throughout the year, indicating consistent efficiency in using its fixed assets to generate sales. Similarly, the total asset turnover ratio also showed stability, reflecting the company's overall effectiveness in utilizing its total assets to generate revenue.