Co-Diagnostics (CODX) Asset Utilization Ratio (2018 - 2026)
Co-Diagnostics' Asset Utilization Ratio was 0.06 in Q3 2026, up 424.9% from 0.01 a year earlier and up 54.3% from the prior quarter.
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Analysis
Co-Diagnostics (CODX) Asset Utilization Ratio (2018 - 2026) Analysis & Trends
For FY2025, Asset Utilization Ratio at Co-Diagnostics came in at 0.01, down 71.4% from FY2024.
- Asset Utilization Ratio has now declined for five consecutive years.
- In earlier years, Asset Utilization Ratio was 0.05 in FY2024 (-21.0%), 0.06 in FY2023 (-74.2%), 0.24 in FY2022 (-71.4%) and 0.85 in FY2021 (-58.3%).
- The Q3 2026 figure marks the highest quarterly Asset Utilization Ratio since Q1 2025.
- Compared with a year earlier, Asset Utilization Ratio was higher in two of the last eight quarters, with growth averaging 24.6%.
- The best year-over-year quarter for Asset Utilization Ratio over five years was Q3 2026 (growth of 424.9%); the worst was Q3 2025 (a decline of 88.4%).
- Per Business Quant data, CODX's Asset Utilization Ratio in the three quarters before Q3 2026 was 0.04 (Q2 2026), 0.03 (Q1 2026) and 0.02 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 259.44 Bn | 236.08 Bn | 5.13 Bn | 0.42 |
| 2 | Abbott Laboratories | 187.98 Bn | 162.45 Bn | 7.39 Bn | 0.44 |
| 3 | Danaher | 163.91 Bn | 143.58 Bn | 3.84 Bn | 0.28 |
| 4 | Intuitive Surgical | 153.75 Bn | 134.17 Bn | 2.08 Bn | 0.58 |
| 5 | Medtronic | 131.67 Bn | 97.80 Bn | 6.34 Bn | 0.40 |
| 6 | Stryker | 117.84 Bn | 104.03 Bn | 4.25 Bn | 0.55 |
| 7 | Boston Scientific | 64.27 Bn | 59.95 Bn | 3.43 Bn | 0.46 |
| 8 | Edwards Lifesciences | 61.69 Bn | 45.00 Bn | 1.35 Bn | 0.48 |
| 9 | Medline | 51.94 Bn | 49.07 Bn | 1.93 Bn | 0.77 |
| 10 | Co-Diagnostics | 1.90 Mn | -22.58 Mn | -20,463.00 | 0.06 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.06 |
| Jun 30, 2026 | 0.04 |
| Mar 31, 2026 | 0.03 |
| Dec 31, 2025 | 0.02 |
| Sep 30, 2025 | 0.01 |
| Jun 30, 2025 | 0.02 |
| Mar 31, 2025 | 0.06 |
| Dec 31, 2024 | 0.06 |
| Sep 30, 2024 | 0.10 |
| Jun 30, 2024 | 0.11 |
| Mar 31, 2024 | 0.07 |
| Dec 31, 2023 | 0.07 |
| Sep 30, 2023 | 0.04 |
| Jun 30, 2023 | 0.06 |
| Mar 31, 2023 | 0.10 |
| Dec 31, 2022 | 0.25 |
| Sep 30, 2022 | 0.34 |
| Jun 30, 2022 | 0.47 |
| Mar 31, 2022 | 0.61 |
| Dec 31, 2021 | 0.74 |
API Access
Co-Diagnostics Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=CODX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "CODX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=CODX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();