Addus HomeCare Corporation (ADUS)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,160,600 | 1,051,790 | 943,505 | 859,640 | 762,533 |
| Property, plant and equipment | US$ in thousands | 24,703 | 24,011 | 21,182 | 18,483 | 19,749 |
| Fixed asset turnover | 46.98 | 43.80 | 44.54 | 46.51 | 38.61 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,160,600K ÷ $24,703K
= 46.98
The fixed asset turnover ratio of Addus HomeCare Corporation has shown a consistent upward trend from 2020 to 2024. Starting at 38.61 in 2020, the ratio increased to 46.51 in 2021, indicating an improvement in the company's efficiency in generating revenue from its fixed assets. In 2022, the ratio slightly decreased to 44.54 but remained at a relatively high level compared to the initial value. Subsequently, in 2023 and 2024, the ratio stood at 43.80 and 46.98, respectively, continuing to demonstrate the company's ability to utilize its fixed assets effectively to generate sales.
The overall trend suggests that Addus HomeCare Corporation has been successful in managing and utilizing its fixed assets efficiently over the years, resulting in a higher turnover ratio. This improvement indicates that the company has been able to generate more revenue relative to its investment in fixed assets, which is a positive sign of operational efficiency and financial performance.
Peer comparison
Dec 31, 2024