Quidel Change To Inventory vs Net Income Analysis

QDEL Stock

USD 42.94 1.59 3.85%

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 Change To Inventory and its Net Income 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 closely tied 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.

Change To Inventory vs Net Income

Change To Inventory vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Quidel Change To Inventory account and Net Income. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Quidel's Change To Inventory and Net Income is -0.22. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Net Income in the same time period over historical financial statements of Quidel, assuming nothing else is changed. The correlation between historical values of Quidel's Change To Inventory and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Inventory of Quidel are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Change To Inventory i.e., Quidel's Change To Inventory and Net Income go up and down completely randomly.

Correlation Coefficient

-0.22

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

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.

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 closely tied 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 Sales General And Administrative To Revenue will most likely fall to 0.20.

	2021	2022	2023	2024 (projected)
Interest Expense	5.7M	75.7M	117.5M	123.4M
Depreciation And Amortization	54.4M	283.6M	167.9K	159.5K

Interest Expense Depreciation And Amortization

Quidel fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Non Currrent Assets Other	Other Current Assets	Accounts Payable	Intangible Assets	Good Will	Current Deferred Revenue
Total Assets		0.98	0.99	0.99	1.0	1.0	0.94	0.94	0.14	0.99	0.21	0.86	0.84	0.98	1.0	0.99	0.99	0.98	0.85	0.96	0.97	0.62	1.0	0.99	0.99	0.42
Short Long Term Debt Total	0.98		0.96	0.96	0.96	0.98	0.98	0.87	0.0	0.99	0.06	0.77	0.8	1.0	0.97	0.99	1.0	0.96	0.75	0.97	0.97	0.67	0.97	1.0	0.99	0.47
Other Current Liab	0.99	0.96		0.99	0.98	0.98	0.9	0.95	0.2	0.97	0.26	0.89	0.86	0.96	0.99	0.96	0.98	0.96	0.88	0.95	0.94	0.65	0.99	0.96	0.98	0.46
Total Current Liabilities	0.99	0.96	0.99		0.99	0.97	0.89	0.95	0.23	0.97	0.29	0.91	0.84	0.96	0.98	0.96	0.98	0.94	0.89	0.96	0.93	0.62	0.99	0.96	0.97	0.46
Total Stockholder Equity	1.0	0.96	0.98	0.99		1.0	0.9	0.97	0.21	0.98	0.27	0.88	0.85	0.96	1.0	0.97	0.98	0.98	0.88	0.94	0.97	0.57	1.0	0.97	0.98	0.36
Property Plant And Equipment Net	1.0	0.98	0.98	0.97	1.0		0.93	0.94	0.13	0.99	0.2	0.83	0.84	0.98	1.0	0.99	0.98	0.99	0.83	0.95	0.98	0.58	0.99	0.98	0.99	0.37
Net Debt	0.94	0.98	0.9	0.89	0.9	0.93		0.77	-0.2	0.97	-0.13	0.65	0.74	0.98	0.92	0.97	0.97	0.92	0.61	0.95	0.94	0.67	0.91	0.98	0.97	0.5
Retained Earnings	0.94	0.87	0.95	0.95	0.97	0.94	0.77		0.44	0.9	0.49	0.94	0.81	0.87	0.95	0.88	0.9	0.93	0.96	0.85	0.89	0.5	0.96	0.88	0.9	0.27
Cash	0.14	0.0	0.2	0.23	0.21	0.13	-0.2	0.44		0.04	1.0	0.52	0.19	0.0	0.16	0.0	0.05	0.11	0.63	0.0	0.0	-0.07	0.2	-0.01	0.03	-0.17
Non Current Assets Total	0.99	0.99	0.97	0.97	0.98	0.99	0.97	0.9	0.04		0.1	0.8	0.83	0.99	0.99	1.0	1.0	0.98	0.78	0.97	0.98	0.62	0.98	1.0	1.0	0.44
Cash And Short Term Investments	0.21	0.06	0.26	0.29	0.27	0.2	-0.13	0.49	1.0	0.1		0.57	0.23	0.06	0.22	0.07	0.12	0.17	0.68	0.07	0.06	-0.03	0.26	0.05	0.09	-0.13
Net Receivables	0.86	0.77	0.89	0.91	0.88	0.83	0.65	0.94	0.52	0.8	0.57		0.77	0.77	0.85	0.79	0.81	0.81	0.97	0.76	0.76	0.47	0.89	0.77	0.81	0.27
Common Stock Shares Outstanding	0.84	0.8	0.86	0.84	0.85	0.84	0.74	0.81	0.19	0.83	0.23	0.77		0.8	0.85	0.83	0.82	0.84	0.76	0.78	0.82	0.48	0.85	0.8	0.84	0.34
Non Current Liabilities Total	0.98	1.0	0.96	0.96	0.96	0.98	0.98	0.87	0.0	0.99	0.06	0.77	0.8		0.97	0.99	1.0	0.96	0.75	0.98	0.96	0.69	0.97	1.0	0.99	0.49
Inventory	1.0	0.97	0.99	0.98	1.0	1.0	0.92	0.95	0.16	0.99	0.22	0.85	0.85	0.97		0.98	0.98	0.99	0.85	0.94	0.98	0.6	1.0	0.97	0.99	0.39
Other Stockholder Equity	0.99	0.99	0.96	0.96	0.97	0.99	0.97	0.88	0.0	1.0	0.07	0.79	0.83	0.99	0.98		0.99	0.97	0.76	0.97	0.98	0.6	0.98	1.0	1.0	0.43
Total Liab	0.99	1.0	0.98	0.98	0.98	0.98	0.97	0.9	0.05	1.0	0.12	0.81	0.82	1.0	0.98	0.99		0.96	0.79	0.98	0.96	0.68	0.98	0.99	1.0	0.49
Property Plant And Equipment Gross	0.98	0.96	0.96	0.94	0.98	0.99	0.92	0.93	0.11	0.98	0.17	0.81	0.84	0.96	0.99	0.97	0.96		0.81	0.91	0.99	0.55	0.98	0.96	0.97	0.3
Total Current Assets	0.85	0.75	0.88	0.89	0.88	0.83	0.61	0.96	0.63	0.78	0.68	0.97	0.76	0.75	0.85	0.76	0.79	0.81		0.74	0.75	0.48	0.88	0.75	0.78	0.25
Short Term Debt	0.96	0.97	0.95	0.96	0.94	0.95	0.95	0.85	0.0	0.97	0.07	0.76	0.78	0.98	0.94	0.97	0.98	0.91	0.74		0.91	0.65	0.94	0.98	0.97	0.58
Non Currrent Assets Other	0.97	0.97	0.94	0.93	0.97	0.98	0.94	0.89	0.0	0.98	0.06	0.76	0.82	0.96	0.98	0.98	0.96	0.99	0.75	0.91		0.55	0.97	0.97	0.98	0.33
Other Current Assets	0.62	0.67	0.65	0.62	0.57	0.58	0.67	0.5	-0.07	0.62	-0.03	0.47	0.48	0.69	0.6	0.6	0.68	0.55	0.48	0.65	0.55		0.59	0.63	0.64	0.69
Accounts Payable	1.0	0.97	0.99	0.99	1.0	0.99	0.91	0.96	0.2	0.98	0.26	0.89	0.85	0.97	1.0	0.98	0.98	0.98	0.88	0.94	0.97	0.59		0.97	0.98	0.37
Intangible Assets	0.99	1.0	0.96	0.96	0.97	0.98	0.98	0.88	-0.01	1.0	0.05	0.77	0.8	1.0	0.97	1.0	0.99	0.96	0.75	0.98	0.97	0.63	0.97		1.0	0.46
Good Will	0.99	0.99	0.98	0.97	0.98	0.99	0.97	0.9	0.03	1.0	0.09	0.81	0.84	0.99	0.99	1.0	1.0	0.97	0.78	0.97	0.98	0.64	0.98	1.0		0.45
Current Deferred Revenue	0.42	0.47	0.46	0.46	0.36	0.37	0.5	0.27	-0.17	0.44	-0.13	0.27	0.34	0.49	0.39	0.43	0.49	0.3	0.25	0.58	0.33	0.69	0.37	0.46	0.45

Click cells to compare fundamentals

Quidel Account Relationship Matchups

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	78.9M	111.3M	134.9M	363.8M	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	94.5M	529.2M	378M	586.4M	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	10M	231.9M	166.5M	174.8M
Non Currrent Assets Other	7.1M	13.5M	19.6M	122.7M	179M	188.0M
Other Current Assets	16.9M	9.5M	19.2M	119.6M	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

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect

When determining whether Quidel is a strong investment it is important to analyze Quidel's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Quidel's future performance. For an informed investment choice regarding Quidel Stock, refer to the following important reports:

How To Invest In Quidel

Details

Is Quidel Stock a good investment?

Details

What is Quidel's Net Worth?

Details

Largest Health Care Equipment & Supplies Companies

View

Largest Health Care Equipment & Services Companies

View

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 closely tied 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.

You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

Is Health Care Equipment & Supplies space 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

(27.81)

Revenue Per Share

42.04

Quarterly Revenue Growth

(0.02)

Return On Assets

0.0104

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Quidel Change To Inventory vs Net Income Analysis

Change To Inventory vs Net Income

Change To Inventory vs Net Income Correlation Analysis

Correlation Coefficient

Change To Inventory

Net Income

Quidel fundamental ratios Correlations

Quidel Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Quidel fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Total Assets
Inventory	+ 1.0	Total Assets
Accounts Payable	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total

Cash	- 0.2	Net Debt
Current Deferred Revenue	- 0.17	Cash
Current Deferred Revenue	- 0.13	Cash And Short Term Investments
Cash And Short Term Investments	- 0.13	Net Debt
Other Current Assets	- 0.07	Cash
Other Current Assets	- 0.03	Cash And Short Term Investments