Addus HomeCare Corporation (ADUS)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | 124.29 | — | — | — | — | — | — | — | 396.00 | — | — | — | — | — | — | 339.92 | — |
| Receivables turnover | 9.43 | 11.71 | 10.16 | 10.32 | 9.11 | 8.44 | 9.51 | 7.72 | 7.52 | 7.30 | 7.17 | 6.24 | 5.95 | 6.12 | 5.81 | 5.55 | 5.73 | 6.24 | 5.65 | 4.96 |
| Payables turnover | 38.97 | 37.15 | 50.23 | 45.04 | 36.96 | 44.24 | 44.48 | 41.47 | 39.99 | 44.13 | 39.30 | 39.03 | 41.25 | 33.56 | 31.73 | 31.28 | 30.39 | 41.25 | 40.31 | 37.61 |
| Working capital turnover | 11.08 | 6.46 | 7.53 | 21.51 | 19.16 | 14.28 | 13.42 | 11.45 | 10.29 | 8.23 | 7.00 | 5.12 | 4.16 | 4.45 | 4.67 | 4.95 | 5.31 | 3.69 | 3.63 | 3.62 |
Addus HomeCare Corporation's activity ratios can provide insights into the efficiency of its operations.
1. Inventory Turnover: The inventory turnover ratio measures how efficiently the company manages its inventory. Addus HomeCare had a significant improvement in its inventory turnover from June 2020 to March 2022, indicating better inventory management during this period. However, there was a drop in the ratio by March 2024, suggesting a potential issue with inventory handling efficiency.
2. Receivables Turnover: This ratio indicates how quickly the company collects its accounts receivable. Addus HomeCare showed a consistent increase in its receivables turnover from March 2020 to December 2024, reflecting improved efficiency in collecting payments from its customers over time.
3. Payables Turnover: The payables turnover ratio assesses how quickly the company pays its suppliers. Addus HomeCare's payables turnover ratio fluctuated over the years but generally remained stable, with a slight increase in recent periods, indicating effective management of payment cycles with suppliers.
4. Working Capital Turnover: This ratio measures how efficiently the company utilizes its working capital to generate sales. Addus HomeCare experienced a significant increase in its working capital turnover from March 2020 to March 2024, indicating improved efficiency in generating sales relative to its working capital.
Overall, while Addus HomeCare shows improvements in certain activity ratios, fluctuations in others suggest areas for potential operational enhancement, such as inventory management and working capital utilization. Monitoring these ratios over time can help assess the company's operational efficiency and identify areas for improvement.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | 2.94 | — | — | — | — | — | — | — | 0.92 | — | — | — | — | — | — | 1.07 | — |
| Days of sales outstanding (DSO) | days | 38.72 | 31.17 | 35.92 | 35.37 | 40.08 | 43.24 | 38.37 | 47.28 | 48.55 | 49.99 | 50.88 | 58.51 | 61.36 | 59.64 | 62.77 | 65.80 | 63.72 | 58.45 | 64.61 | 73.56 |
| Number of days of payables | days | 9.37 | 9.82 | 7.27 | 8.10 | 9.88 | 8.25 | 8.21 | 8.80 | 9.13 | 8.27 | 9.29 | 9.35 | 8.85 | 10.88 | 11.50 | 11.67 | 12.01 | 8.85 | 9.05 | 9.71 |
Addus HomeCare Corporation's activity ratios reflect its efficiency in managing inventory, collecting receivables, and paying its suppliers.
1. Days of Inventory on Hand (DOH):
- The data shows a fluctuating trend in the days of inventory on hand over the years.
- As of March 31, 2024, Addus HomeCare Corporation had 2.94 days of inventory on hand, which indicates the company is efficient in managing its inventory and turning it into sales.
2. Days of Sales Outstanding (DSO):
- The days of sales outstanding have been decreasing steadily, indicating an improvement in collecting receivables.
- By December 31, 2024, the DSO had reduced to 38.72 days, showing that the company is efficient in collecting payments from customers.
3. Number of Days of Payables:
- The number of days of payables has shown some variability but generally remained low.
- As of December 31, 2024, Addus HomeCare Corporation took around 9.37 days to pay its suppliers, indicating a relatively prompt payment cycle.
Overall, the activity ratios suggest that Addus HomeCare Corporation has been effective in managing its working capital and operating efficiently in terms of inventory, receivables, and payables.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total asset turnover | 0.82 | 0.98 | 0.99 | 1.07 | 1.03 | 0.99 | 1.07 | 1.04 | 1.01 | 0.97 | 0.93 | 0.89 | 0.91 | 0.90 | 0.91 | 0.89 | 0.85 | 1.09 | 1.11 | 1.09 |
Addus HomeCare Corporation's long-term activity ratios provide insights into the company's efficiency in managing its fixed assets and total assets to generate revenue.
1. Fixed Asset Turnover:
- The fixed asset turnover ratio measures how efficiently the company is using its fixed assets to generate sales. Higher ratios indicate better asset utilization.
- Addus HomeCare's fixed asset turnover ratio fluctuated over the years, peaking at 52.90 in September 2022 and showing some variability but generally maintaining a reasonable level above 40.
- The company's fixed asset turnover ratios demonstrate a relatively stable performance and suggest that Addus HomeCare effectively utilizes its fixed assets to generate revenue.
2. Total Asset Turnover:
- The total asset turnover ratio indicates how efficiently the company utilizes all its assets to generate revenue. A higher ratio indicates better asset utilization.
- Addus HomeCare's total asset turnover ratio varied over the years, showing some fluctuations but mostly staying within a range of 0.85 to 1.07.
- The gradual increase in the total asset turnover ratio over the years, with some ups and downs, suggests that the company has been improving its overall asset utilization efficiency.
In conclusion, Addus HomeCare Corporation demonstrates satisfactory efficiency in utilizing its fixed assets and overall assets to generate revenue, with both ratios showing a trend of stability and improvement over time.