Quidel Corporation (QDEL)

Total asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	2,782,900	2,993,500	3,266,000	1,698,550	1,661,670
Total assets	US$ in thousands	6,423,600	8,563,100	8,855,800	2,430,370	1,871,160
Total asset turnover		0.43	0.35	0.37	0.70	0.89

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $2,782,900K ÷ $6,423,600K
= 0.43

Total asset turnover is a financial ratio that indicates how efficiently a company is using its assets to generate revenue. In the case of Quidel Corporation, the total asset turnover has shown a declining trend over the years.

In December 2020, the total asset turnover was 0.89, which means that for every dollar of assets the company had, it generated $0.89 of revenue. However, by December 2024, this ratio decreased to 0.43, indicating a decrease in efficiency in utilizing its assets to generate sales.

This declining trend suggests that Quidel Corporation may not be effectively utilizing its assets to drive revenue growth. It is essential for the company to assess its asset management strategies and operational efficiency to improve its total asset turnover ratio and enhance overall financial performance.