Quidel Corporation (QDEL)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 139,100 | 185,500 | 216,000 | 322,600 | |||
| Total assets | US$ in thousands | 8,563,100 | 8,539,100 | 8,550,300 | 8,787,100 | 8,855,800 | 8,655,500 | 8,822,400 |
| Operating ROA | 1.62% | 2.17% | 2.53% | 3.67% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $139,100K ÷ $8,563,100K
= 1.62%
The operating return on assets (operating ROA) for Quidel Corporation has shown a declining trend over the past four quarters. The operating ROA decreased from 3.67% in Q1 2023 to 1.62% in Q4 2023, indicating a drop in the company's ability to generate operating income relative to its total assets. The decreasing trend in operating ROA may raise concerns about the company's operational efficiency, asset utilization, or profitability. Further analysis is recommended to understand the factors contributing to this decline and to identify potential areas for improvement in Quidel Corporation's operations.
Peer comparison
Dec 31, 2023