Addus HomeCare Corporation (ADUS)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,059,080 | 967,708 | 883,557 | 798,563 | 720,268 |
| Inventory | US$ in thousands | — | — | — | 0 | 0 |
| Inventory turnover | — | — | — | — | — |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,059,080K ÷ $—K
= —
The inventory turnover ratio for Addus HomeCare Corporation from December 31, 2020, to December 31, 2024, is reported as '—' each year. This indicates that specific data on inventory turnover for these periods is not provided in the financial statements. Without the actual inventory turnover figures, it is challenging to evaluate the efficiency of the company in managing its inventory levels and its ability to convert inventory into sales over a given period. Monitoring and analyzing inventory turnover is crucial as it offers insights into the company's operational efficiency, sales trends, and potential risks related to excess or insufficient inventory levels. It is recommended that Addus HomeCare Corporation disclose detailed inventory turnover information in its future financial reports to facilitate a more comprehensive analysis of its operational performance.
Peer comparison
Dec 31, 2024