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Quidel Corporation  (QDEL)
Other Ticker:  
 
    Sector  Healthcare    Industry Biotechnology & Drugs
   Industry Biotechnology & Drugs
   Sector  Healthcare
 

Quidel Inventory Turnover Ratio (COS)

Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics



QDEL Inventory Turnover Ratio (Jun 30 2021)
II. Quarter
(Mar 31 2021)
I. Quarter
(Dec 31 2020)
IV. Quarter
(Sep 30 2020)
III. Quarter
(Jun 30 2020)
II. Quarter
Y / Y Inventory Growth 135.92 % 197.52 % 95.91 % 54.22 % 43.32 %
Y / Y Cost of Sales Growth 32.87 % 22.99 % 87.85 % 82.57 % 8.01 %
Inventory Turnover Ratio (TTM) 2.28 2.74 3.47 3.45 3.25
Total Ranking # 1531 # 1435 # 1427 # 1427 # 1430
Average inventory processing period 160 133 105 106 112
Seq. Inventory Growth 25.1 % 53.49 % 19.51 % 2.81 % 57.76 %
Seq. Cost of Sales Growth -4.03 % -31.87 % 16.52 % 74.4 % -11.16 %


QDEL Inventory Turnover Ratio Comment
Due to inventory build up, Quidel's inventory turnover ratio sequentially decreased to 2.28 in the second quarter 2021 below company average. Quidel's Average inventory processing period in the Jun 30 2021 quarter, has increased to 160 days, from 133 days, in the Mar 31 2021 quarter.

Within Healthcare sector 189 other companies have achieved higher inventory turnover ratio. While Inventory turnover ratio total ranking has deteriorated compare to previous quarter from 1448 to 1570.

QDEL Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Quidel Corporation Market Share?
Inventory Turnover Ratio Company Ranking
Within: No.
Biotechnology & Drugs Industry # 29
Healthcare Sector # 190
Overall Market # 1565

Inventory Turnover Ratio Statistics
High Average Low
3.75 3.16 2.28
(Mar 31 2018)   (Jun 30 2021)




Financial Statements
Quidel's Inventories $ 219 Millions Visit QDEL's Balance sheet
Quidel's Cost of Revenues TTM $ 344 Millions Visit QDEL's Income Statement
What are QDEL's Sales? Visit QDEL's Sales by Segment

Other Inventory Turnover Ratios
Quidel's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Biotechnology & Drugs Industry Inventory Turnover Trends and Statistics
Healthcare Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
QDEL's Inventory Turnover Ratio versus Biotechnology & Drugs Industry, Healthcare Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for QDEL's Competitors
Inventory Turnover Ratio for QDEL's Suppliers
Inventory Turnover Ratio for QDEL's Customers

You may also want to know
QDEL's Sales Growth Rates QDEL's Pe Price to earnings ratio QDEL's Receivables Turnover Ratio QDEL's Stock Quote
QDEL's Net Income Growth Rates QDEL's Ps Price to Sales ratio QDEL's Sales per Employee QDEL's Asset Turnover Ratio
QDEL's Net Margin QDEL's Pb Price to Book ratio QDEL's Financial Strength Ratios QDEL's Dividend Payout Ratio



Companies with similar Inventory Turnover Ratio for the quarter ending Jun 30 2021, within Healthcare Sector Inventory Turnover Ratio Cost of revenues at quarter ending Jun 30 2021 Inventories at quarter ending Jun 30 2021
Intricon Corp  4.29 $ 88.572  Millions$ 21  Millions
Casi Pharmaceuticals inc   4.27 $ 9.120  Millions$ 2  Millions
Vericel Corporation  4.27 $ 45.561  Millions$ 11  Millions
Tandem Diabetes Care Inc   4.23 $ 283.234  Millions$ 67  Millions
Hill rom Holdings Inc   4.19 $ 1,408.100  Millions$ 336  Millions
Integrated Biopharma Inc  4.18 $ 54.079  Millions$ 13  Millions
Immucell Corp  4.17 $ 9.095  Millions$ 2  Millions
Caredx Inc   4.13 $ 50.233  Millions$ 12  Millions
Novocure Limited  4.11 $ 111.515  Millions$ 27  Millions
Outset Medical Inc   4.04 $ 84.555  Millions$ 21  Millions
Mimedx Group Inc   4.04 $ 43.508  Millions$ 11  Millions
Mallinckrodt Plc  4.02 $ 1,414.500  Millions$ 352  Millions
Glaukos Corp  4.01 $ 73.992  Millions$ 18  Millions
Fortress Biotech Inc   4.00 $ 19.052  Millions$ 5  Millions
Harrow Health Inc   3.87 $ 15.820  Millions$ 4  Millions
American Bio Medica Corporation  3.86 $ 2.048  Millions$ 1  Millions
Heska Corporation  3.85 $ 153.943  Millions$ 40  Millions
Endo International Plc  3.81 $ 1,341.389  Millions$ 352  Millions
Horizon Therapeutics Public Limited Company  3.79 $ 615.127  Millions$ 162  Millions
Cytosorbents Corporation  3.79 $ 10.879  Millions$ 3  Millions
Pacific Biosciences Of California Inc   3.76 $ 60.630  Millions$ 16  Millions
Becton Dickinson And Company  3.70 $ 10,551.000  Millions$ 2,850  Millions
Agilent Technologies inc   3.69 $ 2,847.000  Millions$ 771  Millions
Sonoma Pharmaceuticals Inc  3.65 $ 10.789  Millions$ 3  Millions
Prestige Consumer Healthcare Inc   3.64 $ 410.536  Millions$ 113  Millions
Cure Pharmaceutical Holding Corp  3.62 $ 2.089  Millions$ 1  Millions
Organogenesis Holdings Inc   3.60 $ 103.919  Millions$ 29  Millions
Icad Inc  3.46 $ 10.078  Millions$ 3  Millions
Catalyst Pharmaceuticals Inc   3.44 $ 17.974  Millions$ 5  Millions
Mettler Toledo International Inc  3.44 $ 1,085.389  Millions$ 315  Millions


       
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