Quidel Corporation (QDEL)
Return on assets (ROA)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -10,100 | 13,200 | 45,100 | 117,600 | |||
| 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 |
| ROA | -0.12% | 0.15% | 0.53% | 1.34% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-10,100K ÷ $8,563,100K
= -0.12%
Quidel Corporation's return on assets (ROA) fluctuated over the last four quarters. In the most recent quarter (December 31, 2023), the ROA was a negative 0.12%, indicating that the company generated a negative return on its assets during that period. Prior to this, in September 2023, the ROA was 0.15%, showing a slight improvement in profitability. In the previous two quarters (June 30, 2023 and March 31, 2023), the ROA was 0.53% and 1.34% respectively, demonstrating an increasing trend in the company's ability to generate profit from its assets.
Overall, the fluctuation in ROA over the quarters suggests that Quidel Corporation's asset utilization and efficiency in generating profits have been inconsistent. It is important for the company to closely monitor and potentially improve its asset management strategies to ensure sustainable profitability in the long term.
Peer comparison
Dec 31, 2023