Addus HomeCare Corporation (ADUS)

Inventory turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cost of revenue (ttm)	US$ in thousands	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	614,096	571,178	509,871	463,752
Inventory	US$ in thousands	—	—	0	—	—	0	—	2,070	—	—	—	—	—	—	2,040	—	—	—	—	—
Inventory turnover		—	—	—	—	—	—	—	396.00	—	—	—	—	—	—	339.92	—	—	—	—	—

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $967,700K ÷ $—K
= —

Unfortunately, without specific data on inventory levels and cost of goods sold, it is currently impossible to calculate the inventory turnover ratio for Addus HomeCare Corporation in any of the mentioned quarters. This ratio is crucial in evaluating how efficiently the company is managing its inventory. A higher inventory turnover ratio typically indicates effective inventory management, as it shows how many times a company has sold and replaced its inventory within a specific period. Conversely, a low inventory turnover ratio could suggest inefficiencies in inventory management, such as overstocking or slow-moving inventory. For a more in-depth analysis, additional financial data is required to calculate the inventory turnover ratio accurately and draw meaningful conclusions about Addus HomeCare Corporation's operational efficiency.