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.
Peer comparison
Dec 31, 2024