QuidelOrtho (QDEL) Asset Utilization Ratio (2022 - 2024)
QuidelOrtho's (QDEL) quarterly Asset Utilization Ratio came in at 0.39 in Q1 2024, down 1.93% year-over-year from 0.4 in Q2 2023, and down 2.92% quarter-over-quarter from 0.4 in Q4 2023.
Analysis
QuidelOrtho (QDEL) Asset Utilization Ratio (2022 - 2024) Analysis & Trends
QuidelOrtho has disclosed Asset Utilization Ratio across 3 years of filings, most recently posting 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.
- Average Asset Utilization Ratio over 3 years is 0.39, with a median of 0.4 recorded in 2023.
- Year-over-year, Asset Utilization Ratio increased 16.75% in 2023 and slipped 1.93% in 2024.
- Over 3 years, Asset Utilization Ratio stood at 0.34 in 2022, then rose by 16.75% to 0.4 in 2023, then slipped by 2.92% to 0.39 in 2024.
- Per Business Quant data, the three most recent Asset Utilization Ratio figures were 0.39 in Q1 2024, 0.4 in Q4 2023, and 0.4 in Q3 2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | GE HealthCare Technologies | 29.54 Bn | 27.44 Bn | 2.18 Bn | 0.57 |
| 2 | Lantheus Holdings | 6.56 Bn | 5.97 Bn | 241.86 Mn | 0.65 |
| 3 | Heartflow | 4.04 Bn | 3.66 Bn | 53.19 Mn | 0.58 |
| 4 | Neogen | 2.59 Bn | 2.41 Bn | 107.80 Mn | 0.26 |
| 5 | Butterfly Network | 1.96 Bn | 1.84 Bn | 23.29 Mn | 0.39 |
| 6 | Ceribell | 928.74 Mn | 799.48 Mn | 25.94 Mn | 0.59 |
| 7 | QuidelOrtho | 866.04 Mn | 742.64 Mn | - | - |
| 8 | Varex Imaging | 779.06 Mn | 679.86 Mn | 76.70 Mn | 0.79 |
| 9 | Prenetics Global | 339.99 Mn | 280.94 Mn | 30.20 Mn | 0.85 |
| 10 | CapsoVision | 318.60 Mn | 309.52 Mn | 1.87 Mn | 0.78 |
Historic Data
Download Data
Historic 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 |