Quidel Corporation (QDEL)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 5,005,900 | 4,966,700 | 5,002,500 | 4,996,500 | 4,934,600 | 4,795,300 | 4,919,600 |
| ROE | -0.20% | 0.27% | 0.90% | 2.35% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-10,100K ÷ $5,005,900K
= -0.20%
Quidel Corporation's return on equity (ROE) has fluctuated over the past few quarters. In the latest quarter ending Dec 31, 2023, the company reported a negative ROE of -0.20%, indicating a decrease in the company's ability to generate profits from shareholders' equity. This negative ROE could be a result of lower net income relative to shareholders' equity.
Prior to the negative ROE in the last quarter, Quidel Corporation's ROE showed a slight improvement in the quarter ending Sep 30, 2023, where it was at 0.27%. This modest increase suggests that the company may have performed better in utilizing shareholders' equity to generate profits compared to the previous quarter.
Looking back further, in the quarter ending Jun 30, 2023, Quidel Corporation's ROE was at 0.90%, indicating a stronger ability to generate profits from shareholders' equity. The highest ROE in the data provided was seen in the quarter ending Mar 31, 2023, at 2.35%, showcasing a notable performance in that period.
Overall, the fluctuating ROE trend suggests some inconsistency in Quidel Corporation's ability to efficiently utilize shareholders' equity to generate profits. Further analysis of the company's financial performance and operating activities may be necessary to understand the factors contributing to these variations in ROE.
Peer comparison
Dec 31, 2023