Co-Diagnostics (CODX) Asset Utilization Ratio (2018 - 2026)
Co-Diagnostics' Asset Utilization Ratio was 0.04 in Q2 2026, up 80.9% from 0.02 a year earlier.
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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 Q2 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 seven quarters, with an average decline of 9.2%.
- The best year-over-year quarter for Asset Utilization Ratio over five years was Q3 2024 (growth of 127.4%); the worst was Q3 2025 (a decline of 88.4%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 250.13 Bn | 229.16 Bn | 4.88 Bn | 0.41 |
| 2 | Abbott Laboratories | 180.31 Bn | 150.74 Bn | 7.27 Bn | 0.42 |
| 3 | Danaher | 162.34 Bn | 146.15 Bn | 3.61 Bn | 0.29 |
| 4 | Intuitive Surgical | 158.13 Bn | 138.42 Bn | 2.08 Bn | 0.58 |
| 5 | Medtronic | 122.37 Bn | 87.63 Bn | 6.34 Bn | 0.40 |
| 6 | Stryker | 117.89 Bn | 104.00 Bn | 4.50 Bn | 0.55 |
| 7 | Boston Scientific | 67.15 Bn | 61.92 Bn | 3.85 Bn | 0.47 |
| 8 | Becton Dickinson | 54.68 Bn | 51.83 Bn | 2.32 Bn | 0.46 |
| 9 | Edwards Lifesciences | 51.43 Bn | 35.44 Bn | 1.35 Bn | 0.48 |
| 10 | Co-Diagnostics | 2.30 Mn | -38.04 Mn | 120,828.00 | 0.04 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.04 |
| 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 |
| Sep 30, 2021 | 1.06 |
| Jun 30, 2021 | 1.11 |
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();