Addus HomeCare Corporation (ADUS)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,158,256 | 1,131,206 | 1,109,629 | 1,080,856 | 1,051,791 | 1,022,325 | 991,801 | 968,399 | 943,504 | 921,874 | 898,854 | 880,430 | 859,640 | 832,331 | 810,463 | 777,659 | 762,842 | 759,222 | 735,551 | 700,648 |
| Property, plant and equipment | US$ in thousands | 24,703 | 23,716 | 23,381 | 23,872 | 24,011 | 20,516 | 19,607 | 20,248 | 21,182 | 17,428 | 17,733 | 19,073 | 18,483 | 18,614 | 18,708 | 19,322 | 19,749 | 19,305 | 14,707 | 13,791 |
| Fixed asset turnover | 46.89 | 47.70 | 47.46 | 45.28 | 43.80 | 49.83 | 50.58 | 47.83 | 44.54 | 52.90 | 50.69 | 46.16 | 46.51 | 44.72 | 43.32 | 40.25 | 38.63 | 39.33 | 50.01 | 50.80 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,158,256K ÷ $24,703K
= 46.89
The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover indicates that the company is effectively utilizing its fixed assets to generate sales.
For Addus HomeCare Corporation, the fixed asset turnover has shown fluctuations over the years. From March 31, 2020, to December 31, 2024, the fixed asset turnover ratio ranged from 38.63 to 52.90. It reached its peak at 52.90 on September 30, 2022, which indicates that the company was effectively utilizing its fixed assets to generate revenue at that time.
However, there were fluctuations in the ratio in subsequent periods, with some decreases in efficiency indicated by lower ratios. For example, there was a slight decline in fixed asset turnover from September 30, 2022, to December 31, 2022, and then again from June 30, 2023, to December 31, 2024. These decreases suggest a potential decline in the efficiency of utilizing fixed assets to generate sales during those time periods.
Overall, while Addus HomeCare Corporation has seen fluctuations in its fixed asset turnover ratio, it is important for the company to continuously monitor and manage its fixed asset utilization to ensure optimal efficiency in generating revenue from its fixed assets.
Peer comparison
Dec 31, 2024