Quidel Net Income vs Other Operating Expenses Analysis
QDEL Stock | USD 42.82 1.17 2.66% |
Quidel financial indicator trend analysis is much more than just breaking down Quidel prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Quidel is a good investment. Please check the relationship between Quidel Net Income and its Other Operating Expenses accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quidel. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. For more information on how to buy Quidel Stock please use our How to buy in Quidel Stock guide.
Net Income vs Other Operating Expenses
Net Income vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Quidel Net Income account and Other Operating Expenses. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Quidel's Net Income and Other Operating Expenses is 0.16. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Quidel, assuming nothing else is changed. The correlation between historical values of Quidel's Net Income and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Quidel are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Net Income i.e., Quidel's Net Income and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.16 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Quidel financial statement analysis. It represents the amount of money remaining after all of Quidel operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Quidel. It is also known as Quidel overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most indicators from Quidel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Quidel current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quidel. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. For more information on how to buy Quidel Stock please use our How to buy in Quidel Stock guide.At this time, Quidel's Selling General Administrative is quite stable compared to the past year. Issuance Of Capital Stock is expected to rise to about 15.9 M this year, although the value of Tax Provision is projected to rise to (18.1 M).
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 5.7M | 75.7M | 117.5M | 123.4M | Depreciation And Amortization | 9.6M | 260.4M | 457.2M | 480.1M |
Quidel fundamental ratios Correlations
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Quidel Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Quidel fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 910.9M | 1.9B | 2.4B | 8.9B | 8.6B | 9.0B | |
Short Long Term Debt Total | 112.3M | 108.5M | 138.6M | 2.8B | 2.6B | 2.7B | |
Other Current Liab | 78.6M | 239.1M | 210.1M | 439.8M | 335.7M | 352.5M | |
Total Current Liabilities | 125.9M | 337.0M | 323.5M | 1.0B | 833.8M | 875.5M | |
Total Stockholder Equity | 559.8M | 1.3B | 1.9B | 4.9B | 5.0B | 5.3B | |
Property Plant And Equipment Net | 171.9M | 211.0M | 476.8M | 1.5B | 1.6B | 1.7B | |
Net Debt | 59.5M | (381.4M) | (664.2M) | 2.5B | 2.5B | 2.6B | |
Retained Earnings | 134.7M | 945.0M | 1.6B | 2.2B | 2.2B | 2.3B | |
Cash | 52.8M | 489.9M | 802.8M | 292.9M | 118.9M | 82.3M | |
Non Current Assets Total | 688.6M | 728.8M | 990.1M | 7.3B | 7.3B | 7.6B | |
Cash And Short Term Investments | 52.8M | 489.9M | 802.8M | 345M | 167.3M | 87.4M | |
Net Receivables | 104.9M | 529.2M | 393.8M | 453.9M | 488.4M | 512.8M | |
Common Stock Shares Outstanding | 43.1M | 43.6M | 42.9M | 57.4M | 66.8M | 70.1M | |
Liabilities And Stockholders Equity | 910.9M | 1.9B | 2.4B | 8.9B | 8.6B | 9.0B | |
Non Current Liabilities Total | 225.2M | 201.5M | 177.5M | 2.9B | 2.7B | 2.9B | |
Inventory | 58.1M | 113.8M | 198.8M | 524.1M | 577.8M | 606.7M | |
Other Stockholder Equity | 425.6M | 388.1M | 279.8M | 2.8B | 2.8B | 3.0B | |
Total Liab | 351.0M | 538.5M | 501.0M | 3.9B | 3.6B | 3.7B | |
Property Plant And Equipment Gross | 171.9M | 211.0M | 616.9M | 1.5B | 2.1B | 2.2B | |
Total Current Assets | 222.2M | 1.1B | 1.4B | 1.6B | 1.3B | 1.4B | |
Accumulated Other Comprehensive Income | (463K) | (431K) | 355K | (67.6M) | (30M) | (28.5M) | |
Short Term Debt | 19.1M | 7.8M | 10.0M | 207.5M | 166.5M | 174.8M | |
Non Currrent Assets Other | 7.1M | 13.5M | 19.6M | 122.7M | 179M | 188.0M | |
Other Current Assets | 1.9M | 2.2M | 4.6M | 252.1M | 77M | 80.9M | |
Accounts Payable | 26.7M | 86.3M | 101.5M | 283.3M | 294.8M | 309.5M | |
Intangible Assets | 148.1M | 122.4M | 98.7M | 3.1B | 2.9B | 3.1B | |
Good Will | 337.0M | 337.0M | 337.0M | 2.5B | 2.5B | 2.6B | |
Current Deferred Revenue | 1.5M | 3.7M | 1.9M | 76.4M | 36.8M | 18.7M | |
Other Assets | 31.6M | 158.8M | 39.7M | 395.8M | 455.2M | 477.9M | |
Long Term Debt | 377.3M | 53.2M | 400K | 2.4B | 2.3B | 2.4B | |
Common Stock | 35K | 39K | 42K | 100K | 115K | 120.8K | |
Property Plant Equipment | 79.8M | 110.5M | 349.2M | 1.5B | 1.7B | 1.8B | |
Other Liab | 127.6M | 96.7M | 48.6M | 294.9M | 339.1M | 356.1M | |
Net Tangible Assets | 167.9M | 973.9M | 1.6B | (666M) | (765.9M) | (727.6M) | |
Retained Earnings Total Equity | 61.8M | 134.7M | 945.0M | 1.6B | 1.9B | 2.0B | |
Capital Surpluse | 363.9M | 425.6M | 388.1M | 279.8M | 321.7M | 290.1M |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quidel. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. For more information on how to buy Quidel Stock please use our How to buy in Quidel Stock guide.Note that the Quidel information on this page should be used as a complementary analysis to other Quidel's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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When running Quidel's price analysis, check to measure Quidel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Quidel is operating at the current time. Most of Quidel's value examination focuses on studying past and present price action to predict the probability of Quidel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quidel's price. Additionally, you may evaluate how the addition of Quidel to your portfolios can decrease your overall portfolio volatility.
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Is Quidel's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Quidel. If investors know Quidel will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Quidel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.77) | Earnings Share (26.38) | Revenue Per Share 42.807 | Quarterly Revenue Growth (0.16) | Return On Assets 0.0132 |
The market value of Quidel is measured differently than its book value, which is the value of Quidel that is recorded on the company's balance sheet. Investors also form their own opinion of Quidel's value that differs from its market value or its book value, called intrinsic value, which is Quidel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Quidel's market value can be influenced by many factors that don't directly affect Quidel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Quidel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Quidel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Quidel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.