QuidelOrtho (QDEL) Asset Utilization Ratio (2022 - 2024)
QuidelOrtho recorded quarterly Asset Utilization Ratio of 0.39 in Q1 2024, down 2.92% quarter-over-quarter from 0.4 in Q4 2023, and down 1.93% year-over-year from 0.4 in Q2 2023.
QuidelOrtho's Asset Utilization Ratio history runs 3 years deep, the most recent figure standing at 0.39 for Q1 2024.
- In Q1 2024, Asset Utilization Ratio fell 1.93% year-over-year to 0.39; the TTM figure through Mar 2024 stood at 0.39 (down 1.93% YoY), while the FY2024 annual figure was 0.37, up 7.9% from the prior year.
- Asset Utilization Ratio came in at 0.39 for Q1 2024 at QuidelOrtho, down from 0.4 in the prior quarter.
- In the past five years, Asset Utilization Ratio ranged from a high of 0.42 in Q1 2023 to a low of 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.
- Across the five-year window, Asset Utilization Ratio increased 16.75% in 2023 and slipped 1.93% in 2024, its largest moves.
- QuidelOrtho's Asset Utilization Ratio stood at 0.34 in 2022, then gained by 16.75% to 0.4 in 2023, then dropped 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 152.82 Bn | 146.17 Bn | 6.27 Bn | 0.46 |
| 2 | Stryker | 115.07 Bn | 112.19 Bn | 3.81 Bn | 0.54 |
| 3 | Medtronic | 95.25 Bn | 87.08 Bn | 5.76 Bn | 0.39 |
| 4 | Boston Scientific | 71.38 Bn | 70.17 Bn | 3.61 Bn | 0.47 |
| 5 | Edwards Lifesciences | 51.08 Bn | 47.41 Bn | 1.29 Bn | 0.47 |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | 0.65 |
| 7 | Dexcom | 28.84 Bn | 27.72 Bn | 750.30 Mn | 0.74 |
| 8 | GE HealthCare Technologies | 28.56 Bn | 26.49 Bn | 1.98 Bn | 0.57 |
| 9 | Steris | 20.71 Bn | 20.30 Bn | 697.10 Mn | 0.56 |
| 10 | QuidelOrtho | 898.19 Mn | 757.79 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 |