QuidelOrtho (QDEL) Tax Provisions (2021 - 2024)
QuidelOrtho's (QDEL) quarterly Tax Provisions came in at -$92.9 million in Q1 2024, down 929.46% year-on-year from $11.2 million in Q2 2023, and up 52.46% quarter-over-quarter from -$195.4 million in Q4 2023.
QuidelOrtho (QDEL) Tax Provisions (2021 - 2024) Analysis & Trends
QuidelOrtho has disclosed Tax Provisions across 4 years of filings, most recently posting -$92.9 million for Q1 2024.
- Tax Provisions for Q1 2024 came in at -$92.9 million, down 929.46% year-over-year; the trailing twelve-month figure through Mar 2024 was -$302.3 million (down 347.79% YoY), and the FY2024 annual result was -$79.5 million, down 318.42% from the prior year.
- Tax Provisions came in at -$92.9 million for Q1 2024 at QuidelOrtho, up from -$195.4 million in the prior quarter.
- In the past five years, Tax Provisions ranged from a high of $140.7 million in Q2 2022 to a low of -$195.4 million in Q4 2023.
- The 4-year median for Tax Provisions is $11.2 million (2023), against an average of $2.6 million.
- Across the five-year window, Tax Provisions soared 807.69% in 2022 and tumbled 929.46% in 2024, its largest moves.
- QuidelOrtho's Tax Provisions stood at $65.8 million in 2021, then sank by 81.61% to $12.1 million in 2022, then slumped by 1714.88% to -$195.4 million in 2023, then jumped by 52.46% to -$92.9 million in 2024.
- The last three Tax Provisions figures came in at -$92.9 million (Q1 2024), -$195.4 million (Q4 2023), and -$2.8 million (Q4 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 154.42 Bn | 147.76 Bn | 6.27 Bn | 372.00 Mn |
| 2 | Stryker | 118.12 Bn | 115.25 Bn | 3.81 Bn | 105.00 Mn |
| 3 | Medtronic | 101.72 Bn | 93.55 Bn | 5.76 Bn | 254.00 Mn |
| 4 | Boston Scientific | 67.19 Bn | 65.98 Bn | 3.61 Bn | -176.00 Mn |
| 5 | Edwards Lifesciences | 50.69 Bn | 47.02 Bn | 1.29 Bn | 78.30 Mn |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | -51.51 Mn |
| 7 | Dexcom | 28.09 Bn | 26.97 Bn | 750.30 Mn | 70.00 Mn |
| 8 | GE HealthCare Technologies | 28.08 Bn | 26.02 Bn | 1.98 Bn | 94.00 Mn |
| 9 | Steris | 19.80 Bn | 19.37 Bn | 697.10 Mn | 84.20 Mn |
| 10 | QuidelOrtho | 934.34 Mn | 793.94 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | -92.90 Mn |
| Dec 31, 2023 | -195.40 Mn |
| Oct 1, 2023 | -2.80 Mn |
| Jul 2, 2023 | -11.20 Mn |
| Apr 2, 2023 | 11.20 Mn |
| Jan 1, 2023 | 75.10 Mn |
| Oct 2, 2022 | 12.10 Mn |
| Jul 3, 2022 | 23.60 Mn |
| Apr 3, 2022 | 140.70 Mn |
| Oct 3, 2021 | 65.80 Mn |
| Jul 4, 2021 | 2.60 Mn |