Quidel Corporation (QDEL)
Receivables 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 | |||
| Receivables | US$ in thousands | 442,200 | 466,700 | 367,300 | — | 492,500 | — | — |
| Receivables turnover | 6.78 | 6.69 | 8.61 | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,997,800K ÷ $442,200K
= 6.78
The receivables turnover ratio for Quidel Corporation has shown a fluctuating trend over the past quarters. In December 2023, the ratio stood at 6.78, slightly higher than the 6.69 in September 2023. The ratio peaked at 8.61 in June 2023, indicating that the company was able to collect its outstanding receivables more frequently during that period. However, it is important to note that no data is available for March 2023, making it challenging to track the consistent performance of receivables turnover. Overall, a higher turnover ratio suggests that the company is efficient in collecting payments from its customers, which is a positive sign for its liquidity and cash flow management.
Peer comparison
Dec 31, 2023