Quidel Corporation (QDEL)

Operating return on assets (Operating ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	-1,960,900	246,300	843,700	906,065	1,060,330
Total assets	US$ in thousands	6,423,600	8,563,100	8,855,800	2,430,370	1,871,160
Operating ROA		-30.53%	2.88%	9.53%	37.28%	56.67%

December 31, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $-1,960,900K ÷ $6,423,600K
= -30.53%

The operating return on assets (Operating ROA) for Quidel Corporation has exhibited a declining trend over the past five years. Starting at a robust level of 56.67% on December 31, 2020, the Operating ROA decreased to 37.28% by December 31, 2021. Subsequently, there was a notable drop to 9.53% by December 31, 2022, followed by a further decline to 2.88% on December 31, 2023. The trend worsened significantly as the Operating ROA turned negative, standing at -30.53% by December 31, 2024. This downward trend indicates a concerning erosion of the company's ability to generate operating profits from its assets. It is essential for Quidel Corporation to address the factors contributing to this decline to improve its operational efficiency and profitability in the future.