QuidelOrtho (QDEL) Tax Provisions (2021 - 2024)

QuidelOrtho (QDEL) reported Tax Provisions of -$92.9 million for Q1 2024, down 929.46% on a YoY basis from $11.2 million in Q2 2023, and up 52.46% sequentially from -$195.4 million in Q4 2023.

QuidelOrtho (QDEL) Tax Provisions (2021 - 2024) Analysis & Trends

QuidelOrtho (QDEL) has 4 years of Tax Provisions data on file, last reported at -$92.9 million in Q1 2024.

  • For the quarter ending Q1 2024, Tax Provisions fell 929.46% year-over-year to -$92.9 million; the trailing twelve-month figure through Mar 2024 stood at -$302.3 million (down 347.79% YoY), and the FY2024 full-year result was -$79.5 million, down 318.42% from the prior year.
  • Tax Provisions climbed to -$92.9 million in Q1 2024, 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.
  • A 4-year average of $2.6 million and a median of $11.2 million in 2023 frame the typical range for Tax Provisions.
  • Across the five-year window, Tax Provisions soared 807.69% in 2022 and sank 929.46% in 2024, its largest moves.
  • Tracing QDEL's Tax Provisions over 4 years: stood at $65.8 million in 2021, then slumped by 81.61% to $12.1 million in 2022, then tumbled by 1714.88% to -$195.4 million in 2023, then soared by 52.46% to -$92.9 million in 2024.
  • Business Quant data shows QDEL's Tax Provisions at -$92.9 million in Q1 2024, -$195.4 million in Q4 2023, and -$2.8 million in Q4 2023.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 Abbott Laboratories 201.40 Bn 194.75 Bn 6.27 Bn 372.00 Mn
2 Stryker 122.29 Bn 119.41 Bn 3.81 Bn 105.00 Mn
3 Medtronic 105.01 Bn 96.40 Bn 6.41 Bn 575.00 Mn
4 Boston Scientific 64.81 Bn 63.59 Bn 3.61 Bn -176.00 Mn
5 Edwards Lifesciences 55.28 Bn 51.60 Bn 1.29 Bn 78.30 Mn
6 Dexcom 29.06 Bn 27.94 Bn 750.30 Mn 70.00 Mn
7 Koninklijke Philips 29.02 Bn 25.93 Bn 2.07 Bn -51.51 Mn
8 GE HealthCare Technologies 28.27 Bn 26.20 Bn 1.98 Bn 94.00 Mn
9 Smith & Nephew 25.80 Bn 25.22 Bn - -
10 QuidelOrtho 1.13 Bn 990.36 Mn - -

Historic Data

Download Data
DateValue
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