Addus HomeCare Corporation (ADUS)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,160,600 | 1,051,790 | 943,505 | 859,640 | 762,533 |
| Receivables | US$ in thousands | 122,880 | 115,499 | 125,501 | 144,511 | 133,178 |
| Receivables turnover | 9.44 | 9.11 | 7.52 | 5.95 | 5.73 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,160,600K ÷ $122,880K
= 9.44
The receivables turnover ratio for Addus HomeCare Corporation has shown consistent improvement over the years. From 2020 to 2024, the ratio has increased steadily from 5.73 to 9.44. This indicates that the company is collecting receivables more efficiently each year. A higher receivables turnover ratio signifies that the company is able to convert its accounts receivable into cash more quickly, which is a positive sign of effective credit management and efficient collection processes. This improvement in receivables turnover reflects a healthy liquidity position and suggests that Addus HomeCare Corporation is effectively managing its receivables, which could positively impact its overall financial performance and cash flow management.
Peer comparison
Dec 31, 2024