Quidel Corporation (QDEL)

Return on assets (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
Net income (ttm) US$ in thousands -2,027,000 -1,866,600 -1,859,400 -1,764,900 -10,100 13,200 45,100 117,600 548,700 809,717 1,006,217 1,006,017 704,201 883,014 899,582 948,134 810,287 370,783 154,696 88,314
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
ROA -31.43% -27.45% -27.80% -26.33% -0.12% 0.15% 0.53% 1.34% 6.20% 9.35% 11.41% 32.52% 28.98% 41.92% 49.77% 45.21% 43.30% 29.68% 15.90% 9.13%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $-2,027,000K ÷ $6,448,600K
= -31.43%

Quidel Corporation's Return on Assets (ROA) has fluctuated significantly over the periods presented. The ROA increased steadily from March 31, 2020, to June 30, 2021, reaching a peak of 49.77%. This indicates the company's ability to generate profits relative to its total assets was strong during this period. However, from September 30, 2021, to December 31, 2024, the ROA experienced a notable decline, falling into negative territory by the end of December 31, 2023, and continuing to decrease. This downward trend suggests that Quidel Corporation may be less efficient in generating profits from its assets or facing challenges in utilizing its asset base effectively. Investors and analysts may further investigate the underlying reasons for this decline in ROA and assess the company's operational efficiency and asset management strategies to understand the implications for future performance.