QuidelOrtho (QDEL) Asset Utilization Ratio (2022 - 2024)
QuidelOrtho (QDEL) posted Asset Utilization Ratio of 0.39 for Q1 2024, down 2.92% sequentially from 0.4 in Q4 2023, and down 1.93% YoY from 0.4 in Q2 2023.
QuidelOrtho (QDEL) Asset Utilization Ratio (2022 - 2024) Analysis & Trends
QuidelOrtho has reported Asset Utilization Ratio for 3 years, with the latest figure at 0.39 in Q1 2024.
- Quarterly Asset Utilization Ratio fell 1.93% year-over-year to 0.39 in Q1 2024, while the trailing twelve-month figure through Mar 2024 was 0.39 (down 1.93% YoY) and the FY2024 annual result came in at 0.37, up 7.9% from the prior year.
- Asset Utilization Ratio retreated to 0.39 in Q1 2024 per QDEL's latest filing, from 0.4 in the prior quarter.
- Over five years, Asset Utilization Ratio peaked at 0.42 in Q1 2023 and troughed at 0.34 in Q4 2022.
- A 3-year average of 0.39 and a median of 0.4 in 2023 frame the typical range for Asset Utilization Ratio.
- The sharpest annual moves came in 2023 and 2024: Asset Utilization Ratio rose 16.75% in 2023, then dropped 1.93% in 2024.
- Over 3 years, Asset Utilization Ratio stood at 0.34 in 2022, then advanced by 16.75% to 0.4 in 2023, then declined by 2.92% to 0.39 in 2024.
- According to Business Quant data, Asset Utilization Ratio over the past three periods registered 0.39, 0.4, and 0.4 for Q1 2024, Q4 2023, and Q3 2023 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 198.70 Bn | 193.10 Bn | 7.27 Bn | 0.42 |
| 2 | Stryker | 125.85 Bn | 122.37 Bn | 4.50 Bn | 0.55 |
| 3 | Medtronic | 118.44 Bn | 109.22 Bn | 6.41 Bn | 0.39 |
| 4 | Boston Scientific | 72.64 Bn | 72.10 Bn | 3.85 Bn | 0.47 |
| 5 | Edwards Lifesciences | 51.94 Bn | 47.69 Bn | 1.35 Bn | 0.48 |
| 6 | Dexcom | 34.48 Bn | 32.53 Bn | 830.00 Mn | 0.76 |
| 7 | GE HealthCare Technologies | 33.60 Bn | 31.49 Bn | 2.18 Bn | 0.57 |
| 8 | Koninklijke Philips | 26.30 Bn | 22.98 Bn | 4.55 Bn | 0.80 |
| 9 | Steris | 23.00 Bn | 22.52 Bn | 684.20 Mn | 0.56 |
| 10 | QuidelOrtho | 1.01 Bn | 885.73 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 0.39 |
| Oct 1, 2023 | 0.40 |
| Jul 2, 2023 | 0.40 |
| Apr 2, 2023 | 0.40 |
| Jan 1, 2023 | 0.42 |
| Oct 2, 2022 | 0.34 |