Quidel Corporation (QDEL)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|
| Revenue | US$ in thousands | 2,997,800 | 3,266,000 |
| Total current assets | US$ in thousands | 1,310,500 | 1,575,100 |
| Total current liabilities | US$ in thousands | 833,800 | 1,007,000 |
| Working capital turnover | 6.29 | 5.75 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,997,800K ÷ ($1,310,500K – $833,800K)
= 6.29
Peer comparison
Dec 31, 2023
Company name
Symbol
Working capital turnover
Quidel Corporation
QDEL
6.29
IDEXX Laboratories Inc
IDXX
6.73
Lantheus Holdings Inc
LNTH
1.42
Myriad Genetics Inc
MYGN
4.73
Neogen Corporation
NEOG
3.67