Addus HomeCare Corporation (ADUS)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,059,076 | 1,030,062 | 1,014,110 | 991,810 | 967,700 | 945,550 | 920,647 | 902,252 | 883,556 | 862,604 | 838,927 | 819,726 | 798,563 | 777,559 | 759,721 | 733,845 | 720,468 | 712,371 | 693,430 | 660,440 |
| Inventory | US$ in thousands | — | — | — | 7,980 | — | — | 0 | — | — | 0 | — | 2,070 | 0 | — | — | 0 | 0 | — | 2,040 | — |
| Inventory turnover | — | — | — | 124.29 | — | — | — | — | — | — | — | 396.00 | — | — | — | — | — | — | 339.92 | — |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,059,076K ÷ $—K
= —
The inventory turnover ratio for Addus HomeCare Corporation has shown fluctuations over the reported periods. As of June 30, 2020, the inventory turnover was remarkably high at 339.92, indicating efficient management of inventory during that period. Subsequently, there was a lack of inventory turnover data until March 31, 2022, when the ratio improved significantly to 396.00, suggesting a further enhancement in inventory management efficiency.
However, the inventory turnover ratio declined to 124.29 as of March 31, 2024, which could indicate a slowdown in the sales or a buildup of inventory relative to the level of sales. It would be important for the company to investigate the reasons behind this decrease in inventory turnover to ensure optimal inventory management practices are maintained.
Overall, Addus HomeCare Corporation should continue monitoring its inventory turnover ratio to ensure that it strikes a balance between having enough inventory to meet customer demand and avoiding excess inventory that could tie up capital unnecessarily.
Peer comparison
Dec 31, 2024
Dec 31, 2024