Quidel Corporation (QDEL)

Return on equity (ROE)

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 stockholders’ equity US$ in thousands 3,009,500 3,186,700 3,173,500 3,307,700 5,005,900 4,966,700 5,002,500 4,996,500 4,934,600 4,795,300 4,919,600 2,414,920 1,929,360 1,634,070 1,411,080 1,489,710 1,332,700 849,247 611,709 605,199
ROE -67.35% -58.57% -58.59% -53.36% -0.20% 0.27% 0.90% 2.35% 11.12% 16.89% 20.45% 41.66% 36.50% 54.04% 63.75% 63.65% 60.80% 43.66% 25.29% 14.59%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-2,027,000K ÷ $3,009,500K
= -67.35%

Quidel Corporation's return on equity (ROE) has exhibited significant fluctuations over the past few years. From March 31, 2020, to June 30, 2021, the ROE consistently increased from 14.59% to 63.75%, indicating improved profitability relative to shareholders' equity during this period.

However, starting from September 30, 2021, the ROE began to decline, reaching 0.27% by September 30, 2023, and turning negative thereafter. This trend suggests a decrease in the company's ability to generate profits from the shareholders' investments.

The sharp decline in ROE from March 31, 2024, to December 31, 2024, where it turned significantly negative, indicates a concerning financial performance and potential challenges for the company in utilizing equity effectively to generate returns for investors.

Overall, the fluctuating trend in Quidel Corporation's ROE highlights the importance of monitoring and evaluating the company's profitability and efficiency in utilizing shareholder funds over time.