Addus HomeCare Corporation (ADUS)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	967,708	883,557	798,563	720,268	613,696
Inventory	US$ in thousands	—	—	0	0	—
Inventory turnover		—	—	—	—	—

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $967,708K ÷ $—K
= —

To calculate the inventory turnover ratio for Addus HomeCare Corporation, we need the relevant data from the financial statements for each year as shown in the table. The inventory turnover ratio is calculated by dividing the cost of goods sold by the average inventory for the period.

Unfortunately, without the specific values for cost of goods sold and inventory for each year, we are unable to determine the inventory turnover ratio for Addus HomeCare Corporation. Therefore, a comprehensive analysis of the inventory turnover ratio based on the provided data is not possible at this time.

For a more detailed analysis, it would be necessary to obtain the specific financial figures for cost of goods sold and inventory from the company's financial statements for each year. The inventory turnover ratio is a critical metric in evaluating how efficiently a company is managing its inventory to generate sales, so a closer examination of this ratio would provide valuable insights into Addus HomeCare Corporation's operational performance.