Quidel Corporation (QDEL)

Operating return on assets (Operating ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Operating income (ttm)	US$ in thousands	-109,800	30,700	42,000	45,400	139,100	185,500	246,600	430,900	951,957	1,242,186	1,436,627	1,302,533	906,065	1,146,412	1,172,530	1,232,887	1,060,326	478,313	191,036	113,191
Total assets	US$ in thousands	6,448,600	6,801,100	6,689,200	6,703,300	8,563,100	8,539,100	8,550,300	8,787,100	8,855,800	8,655,500	8,822,400	3,093,120	2,430,370	2,106,380	1,807,650	2,097,370	1,871,160	1,249,360	972,931	966,766
Operating ROA		-1.70%	0.45%	0.63%	0.68%	1.62%	2.17%	2.88%	4.90%	10.75%	14.35%	16.28%	42.11%	37.28%	54.43%	64.86%	58.78%	56.67%	38.28%	19.64%	11.71%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $-109,800K ÷ $6,448,600K
= -1.70%

Operating return on assets (operating ROA) is a key financial ratio that measures a company's ability to generate profits from its operations relative to its total assets. The trend of Quidel Corporation's operating ROA from March 31, 2020, to December 31, 2024, shows fluctuation over time.

Quidel Corporation's operating ROA started at 11.71% on March 31, 2020, and witnessed a notable increase, reaching its peak at 64.86% on June 30, 2021. This indicates a strong performance in generating operating income relative to its assets during that period. However, the ratio started declining gradually and dropped to 0.45% on September 30, 2024, before turning negative at -1.70% on December 31, 2024.

The fluctuating trend in Quidel Corporation's operating ROA suggests varying levels of efficiency in utilizing its assets to generate operating profits. The significant decline in the ratio towards the later periods may indicate challenges or inefficiencies in the company's operations impacting its profitability relative to its asset base. It would be important for stakeholders to closely monitor and analyze the factors contributing to these fluctuations in operating ROA to assess the company's operational performance and financial health effectively.