QuidelOrtho (QDEL) Tax Provisions (2021 - 2024)
QuidelOrtho (QDEL) posted Tax Provisions of -$92.9 million for Q1 2024, up 52.46% sequentially from -$195.4 million in Q4 2023, and down 929.46% YoY from $11.2 million in Q2 2023.
QuidelOrtho (QDEL) Tax Provisions (2021 - 2024) Analysis & Trends
QuidelOrtho has reported Tax Provisions for 4 years, with the latest figure at -$92.9 million in Q1 2024.
- Quarterly Tax Provisions fell 929.46% year-over-year to -$92.9 million in Q1 2024, while the trailing twelve-month figure through Mar 2024 was -$302.3 million (down 347.79% YoY) and the FY2024 annual result came in at -$79.5 million, down 318.42% from the prior year.
- Tax Provisions climbed to -$92.9 million in Q1 2024 per QDEL's latest filing, from -$195.4 million in the prior quarter.
- Over five years, Tax Provisions peaked at $140.7 million in Q2 2022 and troughed at -$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.
- The sharpest annual moves came in 2022 and 2024: Tax Provisions surged 807.69% in 2022, then tumbled 929.46% in 2024.
- Over 4 years, 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 soared by 52.46% to -$92.9 million in 2024.
- According to Business Quant data, Tax Provisions over the past three periods registered -$92.9 million, -$195.4 million, and -$2.8 million for Q1 2024, Q4 2023, and Q4 2023 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 198.95 Bn | 193.35 Bn | 7.27 Bn | 596.00 Mn |
| 2 | Stryker | 128.10 Bn | 124.63 Bn | 4.50 Bn | 288.00 Mn |
| 3 | Medtronic | 118.91 Bn | 109.69 Bn | 6.41 Bn | 575.00 Mn |
| 4 | Boston Scientific | 73.43 Bn | 72.89 Bn | 3.85 Bn | 155.00 Mn |
| 5 | Edwards Lifesciences | 51.91 Bn | 47.66 Bn | 1.35 Bn | 278.40 Mn |
| 6 | Dexcom | 34.52 Bn | 32.58 Bn | 830.00 Mn | 68.40 Mn |
| 7 | GE HealthCare Technologies | 33.94 Bn | 31.83 Bn | 2.18 Bn | 119.00 Mn |
| 8 | Koninklijke Philips | 26.37 Bn | 23.05 Bn | 4.55 Bn | -185.98 Mn |
| 9 | Steris | 23.14 Bn | 22.66 Bn | 684.20 Mn | 72.50 Mn |
| 10 | QuidelOrtho | 992.74 Mn | 869.34 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 |