Quidel Corporation (QDEL)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -29,100 | 21,200 | 68,000 | 175,300 |
| Revenue (ttm) | US$ in thousands | 2,997,800 | 3,121,700 | 3,161,500 | 3,109,800 |
| Pretax margin | -0.97% | 0.68% | 2.15% | 5.64% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-29,100K ÷ $2,997,800K
= -0.97%
The pretax margin of Quidel Corporation has been fluctuating over the past four quarters. In December 2023, the pretax margin was negative at -0.97%, indicating that the company's expenses exceeded its pre-tax income during that period. However, there was an improvement in the following quarters, with pretax margins of 0.68% in September 2023, 2.15% in June 2023, and 5.64% in March 2023.
The increasing trend in pretax margin from March to September suggests that Quidel Corporation may have implemented cost-saving measures or experienced revenue growth during this period. It is important for investors and stakeholders to closely monitor the company's pretax margin to assess its profitability and operational efficiency.
Peer comparison
Dec 31, 2023