Quidel Corporation (QDEL)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 644,300 | 717,400 | 749,900 | 826,600 |
| Revenue (ttm) | US$ in thousands | 2,997,800 | 3,121,700 | 3,161,500 | 3,109,800 |
| Gross profit margin | 21.49% | 22.98% | 23.72% | 26.58% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $644,300K ÷ $2,997,800K
= 21.49%
Quidel Corporation's gross profit margin has demonstrated a decreasing trend over the course of the fiscal year ending December 31, 2023. The margin decreased from 26.58% in March to 21.49% in December. This decline suggests that the company may be facing challenges in maintaining profitability on its sales. It is important for the company to closely monitor its cost of goods sold and sales prices to identify and address any factors driving this downward trend in gross profit margin. Additionally, Quidel should consider implementing strategies to improve operational efficiency and enhance pricing strategies to potentially increase its gross profit margin in the future.
Peer comparison
Dec 31, 2023