Quidel Corporation (QDEL)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -10,100 | 13,200 | 45,100 | 117,600 |
| Revenue (ttm) | US$ in thousands | 2,997,800 | 3,121,700 | 3,161,500 | 3,109,800 |
| Net profit margin | -0.34% | 0.42% | 1.43% | 3.78% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-10,100K ÷ $2,997,800K
= -0.34%
The net profit margin of Quidel Corporation has shown a decreasing trend over the four quarters analyzed. Starting at -0.34% in December 2023, the net profit margin improved to 0.42% in September 2023 but then declined to 1.43% in June 2023 and further decreased to 3.78% by March 2023. This downward trend may indicate challenges in controlling costs or generating sufficient revenue to maintain profitability. Further investigation into the company's operations and financial performance is recommended to identify the underlying causes and potential strategies for improvement.
Peer comparison
Dec 31, 2023