QuidelOrtho (QDEL) Return on Capital Employed (2022 - 2024)
QuidelOrtho (QDEL) posted Return on Capital Employed of 34.68% for Q1 2024, down 415.56% sequentially from 6.73% in Q4 2023, and down 4164.0% YoY from 0.85% in Q2 2023.
QuidelOrtho (QDEL) Return on Capital Employed (2022 - 2024) Analysis & Trends
QuidelOrtho has reported Return on Capital Employed for 3 years, with the latest figure at 34.68% in Q1 2024.
- Quarterly Return on Capital Employed fell 4164.0% year-over-year to 34.68% in Q1 2024, while the trailing twelve-month figure through Mar 2024 was 34.68% (down 4164.0% YoY) and the FY2024 annual result came in at 30.19%, down 3196.0% from the prior year.
- Return on Capital Employed declined to 34.68% in Q1 2024 per QDEL's latest filing, from 6.73% in the prior quarter.
- Over five years, Return on Capital Employed peaked at 13.83% in Q1 2023 and troughed at 34.68% in Q1 2024.
- A 3-year average of 0.51% and a median of 5.63% in 2023 frame the typical range for Return on Capital Employed.
- The sharpest annual moves came in 2023 and 2024: Return on Capital Employed sank 783 bps in 2023, then plunged 4164 bps in 2024.
- Over 3 years, Return on Capital Employed stood at 13.21% in 2022, then plunged by 151 bps to 6.73% in 2023, then tumbled by 416 bps to 34.68% in 2024.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 34.68%, 6.73%, and 5.38% for Q1 2024, Q4 2023, and Q4 2023 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 200.51 Bn | 194.91 Bn | 7.27 Bn | 7.98% |
| 2 | Stryker | 129.96 Bn | 126.48 Bn | 4.50 Bn | 13.69% |
| 3 | Medtronic | 120.18 Bn | 110.96 Bn | 6.41 Bn | 8.02% |
| 4 | Boston Scientific | 74.28 Bn | 73.74 Bn | 3.85 Bn | 10.83% |
| 5 | Edwards Lifesciences | 52.75 Bn | 48.50 Bn | 1.35 Bn | 11.99% |
| 6 | Dexcom | 34.67 Bn | 32.73 Bn | 830.00 Mn | 27.21% |
| 7 | GE HealthCare Technologies | 34.23 Bn | 32.12 Bn | 2.18 Bn | 9.47% |
| 8 | Koninklijke Philips | 26.46 Bn | 23.14 Bn | 4.55 Bn | 12.84% |
| 9 | Steris | 23.30 Bn | 22.82 Bn | 684.20 Mn | 12.08% |
| 10 | QuidelOrtho | 1.03 Bn | 906.56 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | -34.68% |
| Dec 31, 2023 | -6.73% |
| Oct 1, 2023 | 5.38% |
| Jul 2, 2023 | 5.63% |
| Apr 2, 2023 | 6.96% |
| Jan 1, 2023 | 13.83% |
| Oct 2, 2022 | 13.21% |